New Nasdaq ATL $0.57.
ASX equivalent SP: Nine-tenths of 1 cent.
June 6 will mark one full month below $1 on Nasdaq, which should activate the 6 month warning before delisting.
The question is when Yacov intends to make a $1 bid for shares so the company doesn't delist.
If he lets the company languish for 6 more months, all the way to the finish line, his Buy Back Fund can buy back a lot more shares.
Then at the close of the final day, he can make a bid for $100 to buy 100 shares. This will reset the clock.
And then a day later, when the SP drops below $1, his delisting clock can start again.
- Forums
- ASX - By Stock
- GMV
- Share Re Purchase Plan
Share Re Purchase Plan, page-44
-
- There are more pages in this discussion • 21 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)