Roy,
I found your post and here it is, I hope you don't mind:
Delisting is the least of their worries. There is a bunch of requirements that you would have to screw up. As long as they
keep reporting on time, maintain a few mil in the bank, have maintained certain revenue levels, maintain a certain float, they
can stay on for quite sometime. Just look in Barrons in the small cap section. There are a ton of stocks under $1. Other than
the price, CMYN Is in better shape than alot of companies that I follow on the NASDAQ. Remember, the business of NASDAQ is to
get companies listed not delisted. They need to make money too. roy
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I just read about the last 200 posts on Yahoo and believe it or not, I feel better about this stock. It seems that there is some kind of debt conversion going on, and or shorting. Either scenario will typically find a bottom and then the stock will bounce up BIG when the buying/covering resumes. This company has millions in the bank and plans to address some of their problems via a press release (delayed as usual, not a single BB stock can ever put them out when promised, just a fact of BB investing :-) I only bought in today, so I haven't had to suffer like many of you. After looking into things, I felt good enough to remove my limit sale at a double out and will hang on for a bit IF things start to reverse. It's just a matter of timing. This stock will bounce at some point JMHO.
Have a great day!
S Press |
