Excellent suggestion, @Boffin99
Pros of delisting
- invite potential buyer to anchor any offer to the price history
- the tight registry indicates that limited trading would only mildly inconvenience most shareholders if trading is limited
- there could be opportunities to re-list in the future if needed. And, the US market better knows how to value biotech companies
- keeping "under the radar"
- less costs & compliance of operating on an exchange
Cons of delisting
- no exchange trading (only OTC trading)
- no clear share value
- no analyst coverage, and less interest from investors (specially retail)
I am not saying this is necessarily the right think to do, but it is certainly worth discussing. Thoughts anyone?
I'll add this question to the investor briefing next week.
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