did the post i'm replying to quickly w little time-these literally thousands of little issues in an entity w very little logic -the stock market-that i've had to research over the years by default-we learned nothing about stocks in any of my many degrees -stocks are very very specialized-and when my best fried dragged me into to help him i had less than zero interest in stocks
this and other articles show very little impact to pps when a stock is delisted one article said impact used to be over 5% but now less for various reasons - fund managers hold (even though a stock is removed) for various reasons plus relatively recent hedge funds have impacted also
plus zn always was a speculative stock-and thus co's who invest in zn are along for the ride more than usual w usually a small allocation of their total portfolio
there is NO contract w nasdaq requiring any co to sell stocks removed from the indexes nor are they required to join a cult or disembowel their children
the diversion of funds otherwise routed to bids due to the new DSPP unit program will not continue forever -the unit program ends june 6- and removal from index will not occur til ca june 28
and june 6 is more than a month before july 8,
at which time zn will have likely have applied to nasdaq to qualify for an added 180 days under an alternative listing standard-THIS IS VERY COMMON AND USUALLY GRANTED AS LONG AS A CO APPLIES TO DO SO AND HAS A REASONABLE PLAN,WHICH ZN DOES-the 3d survey
but re the nasdaq, there are ca 4 different ways a co can qualify to be on the nasdaq
at any rate under alternative listing standard- w 3 levels of nasdaq- zn should qualify via its market cap for the additional 180 days again the preferred route of all such co's is to improve pps by building shareholder value -
in zn's case by finding a commercial field w aid of the 3d survey which should be done by the alternative date of jan 8,2020-though intrepretation may still contiue
which then should allow zn's license to be converted to a 30 year lease renewable for another 20 years
THE CONCLUSION OF THE MATTER IS THAT ALL OF THE HULLABALOO RE ZN BEING POSSIBLY REMOVED FROM THE RUSSELL 2000 INDEX ETC MEANS VERY LITTLE-its a distraction- the real issue will be the progress and success of the 3d survey!!! if the survey finds a commercial field pps will solve itself
and the 3d survey does not have to stand solely on its own legs- there have been years of 2d surveys by zn and by others,which should help in the interpretation of the 3d survey