If MNI can hold the gains it’s made in just two weeks, it can put its delisting worries behind.
Update: a reader adds:
It won't be behind them. They have to maintain it. If they don't and fall out again after the extension the delisting will begin without a grace period to return to compliance.
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7 comments:
It won't be behind them. They have to maintain it. If they don't and fall out again after the extension the delisting will begin without a grace period to return to compliance.
Stocks like MNI and about 50 others are a huge drag on the index averages, while listing fees are so minuscule that there is no incentive to keep a dying stock listed.
Hmmm...guess it has to come from an "insider" on another blog before you guys believe it.
They now have to average close at $1.55 for the next 6 business days to hit the $1 average.
Yes, that would mean they only have had 14 of 30 days above $1.
I am going to expect that the stock will likely head back down to the $1 level within the next 2 weeks or so (won't have any impact on the listing problems).
Nobody believes is because they are not out from under delisting no matter what another blog or you say. The 30 day average is just one small part of delisting.
You ignore the rest because it suits your agenda but it doesn't remove the threat of delisting.
No one ignores the rest...there is only 2 components.
1. 30 day moving average above $1
2. $75m market cap
Solve #1 you automatically solve #2.
If this is not correct, then please correct everyone on this blog, including MW as they have claimed this from day one as well (yet you haven't seen fit to correct them).
If this is not correct, then please correct everyone on this blog, including MW as they have claimed this from day one as well (yet you haven't seen fit to correct them).
All you have to do is read the NYSE and NASDAQ listings criteria and you will become educated.
For the record, MW has never made this claim, and everyone on this blog doesn't support you so they are in no need of correcting. MW has simply pointed to other articles where other, under or misinformed people spread the same misconception as if it were a fact.
...and no, solving 1 does not automatically solve #2. It is statements such as this that betray you.
And what will you argue about when they do get listed again? What will happen when your great enemy McClatchy pulls through this with their left wing editorial pages still intact.
what will you do when after 4 years and the economy is back on track and we elect oboma for another 4 years.
this right wing push has leverage because the president came into office with a big pile of right wing turn sitting on the table.
There will be more set backs but in the end, another 4 years...
3:20 PM Negro Please.
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