Peter and all,
Firt of all,sorry to wake y'all up. Listen I heard on NBR the other
day something about NASDAQ going to implement the '1 dollar' rule,
didn't listen to it enough to catch the details.Have you or any one
know more about it and how this will affect Tracer?
I know we had a discussion a long time ago when NASDAQ announced
that they would 'reform' the listing process.
Since Tracer is trading way below $1.00, this new rule will defenitely
affect them.Here are some possibilites.
1. The ideal and desirable thing to happen would be for Tracer to
come up with some fantastic news of JV or acquistion of producing
property or something, before this rule takes effect, so that
the news would propel the stock price over $1.00.
In the abscence of any such news,then following may be the only
opotions?
1.Repurchase of shares- Not gonna happen for obvious reasons.
2.Reverse split,something like 1:10 or 1:5
This will do the trick, but the problem with 1:10 is that the
outstanding shares will be reduced by a factor 10 to make the
available shares less than 4 million,this will in effect make this
a very thinly traded stock,with an even lesser float.
3.To do nothing and get delisted and go on to the Pink sheet.
So what do y'all think about this, am i even close in my analysis? |
