AIPN: Speculative Delisting Play
Warning: This post may be hazardous to your bank account!
OK, if you're still reading, then I know you like to speculate. <heh heh> Well, have I got a DEAL for you!!! ;-)
LOL!
Seriously, though, if you don't mind taking a real flier every now and then with a little of your ultra-speculative funds, kindly peruse the following...
Form S-3, Dated 6/6/00: Delisting Countdown Begins
freeedgar.com
OUR COMMON STOCK MAY BE DELISTED FROM THE NASDAQ NATIONAL MARKET FOR FAILURE TO SATISFY NASDAQ REQUIREMENTS FOR CONTINUED LISTING
Our common stock is traded on the NASDAQ National Market System. To continue our listing, we are required to maintain net tangible assets of at least $4,000,000 and the bid price of our common stock must be at least $1.00 per share. By letter dated June 5, 2000, NASDAQ notified us that our common stock failed to satisfy its minimum bid price standard for continued listing and we would be delisted if the price of our common stock was not at least $1.00 per share for ten (10) consecutive days by August 14, 2000.
Anyone out there who thinks the market makers on this little gravy train are going to let it get de-listed, please raise your hands?
<Silence!>
IMO, we'll reach $1+ in the next few weeks. So it is written, so it shall be done.
So sayeth the Hog |
