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Replies to #27348 on lowtrade

lowtrade

01/18/12 10:55 AM

#27350 RE: SmartActor #27348

Could keep an eye on it. Insiders need to get it to a buck soon. It must have gotten a non-compliant notice and while the American exchange will give some companies extra time past 30 days. This one is pushing things, time wise.

Usually what happens is the company needs to talk to the exchange monthly with excuses. The American exchange is the most lax, but sooner or later management needs to buy a buck, improve the company so shareholder do or get delisted.

This may be a second attempt at a buying buck run, after Novembers try failed. They only need to stay up there for 10 days to become compliant again. And then can play the game all over again.