Replies to post #178 on Pioneer Energy Services Corp. (fka PESXQ)

[Smilin_B]

Oh the .16 rule is a NYSE rule to HALT

The delisting was also based on the .16 rule.

Any stock trading near .16 can have this happen to it.

The fact that we are now trading over $0.16 has no bearing whatsoever on getting re listed on the NYSE. In fact, that's just not going to happen anytime soon.

But what will happen is the share price will recover as all the old blood has exited and new blood has entered.

Total transfusion.

The email from investor relations explains what's going to happen moving forward