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Non-Tech : Ashton Technology (ASTN)

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To: mmmary who wrote (4273)	11/7/2001 1:24:59 PM
From: Candle stick	Read Replies (2) of 4443

Someone asked if anyone has ever been in a delisting situation before, and what happened. Here is the answer. YES. I have been. It was a company called Cortex Pharmaceuticals (CORX). It was a Nasdaq stock that traded between 3-7 dollars, and eventually got delisted and fell to a low of 35 cents, I believe. It stayed there for about 2-3 months? (can't really remember, it was a few years ago) and then bounced to 2 dollars and change on the Bulletin Board. Shortly thereafter, (maybe 6 months?) it got relisted on the AMEX and traded as high as 4-5 $ again. Today it trades under the symbol COR on AMEX at 2.75$.............. P.S. there was NEVER a reverse split. The stock simply tanked into the impending delisting, then once the MM had a chance to suck up all the panicky sellers at 35-75 cents, they moved it right back up to 2$. Soon thereafter the company got new financing and it went to the American stock exchange. On that news it traded to 5$. I am not implying that this will happen to ASTN, or that this is the norm, but rather offering it as an example that delisting does not necessarily mean the end of a company. Hope that helps.

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