Im inclined to go with TF's thoughts in that they wish to remain listed or at least go through the process. Whilst there has been no out right proof of fraud as there has with other RTO's something is gravely wrong despite the fact i believe they have a sizeable business. Starrs lawsuit is rather damning although again it appeared a regurgitation of the "hit pieces". That said being able to engage a new auditor and start the process of an internal audit could have the effect of further price support when it opens. It can only be a positive albeit short term regards the share price. Unless they come out clean ( very unlikely ) im dumping the lot shortly after the open. If that means unloading in a respectable range then so be it. The YMB board is full of post suggesting an opening above $10 based in the short interest. I'm not wearing my rose coloured spectacles anymore
CCME - If they go dark then why halt so long? Probably for a little revenge on the shorts. High borrow fees. For all we know the CEO is collecting share loan fees right now. Expired puts are another revenge. If I don't get my earnout shares, you don't get full benefit of your shortly expiring puts.
Could CCME jump through the hoops to get relisted? Yes, CCME could. Seems like there's an auditor who will sign anything.
However I don't think the CEO plans to give NASDAQ everything they ought to be asking for in terms of financial skeletons. So dark is the likely scenario (say more than 80% likely under current facts).
If dark or listed, I just wish there were more prior warning of when trading resumes as well as more suits against DTT.
BTW, if I'm understanding this correctly, seems this charade could possibly drag out for a long time to come. "The Securities and Exchange Commission has reviewed NASDAQ's actions in connection with an appeal by a company that was late in filing its periodic reports and that did not regain compliance in the time permitted by the NASDAQ Board. The Commission found that the company had not established a likelihood that it would succeed on the merits of its argument challenging the decision to delist the company if it remained delinquent one year after the due date of its first delinquent annual report. See In the Matter of Coherent, Inc. (December 18, 2007)(Updated November 19, 2008)" Source: https://listingcenter.nasdaqomx.com/Show_Doc.aspx?File=FAQsContinued.html
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