Mad, I would wait till end of February before you sell it. If you are lucky, the stock could react favorably to an announcement the JV took an additional interest in BCMD. You are already down on your initial investment; you probably don't have much to lose by waiting.
As for delisting under $1.00, there are other, alternative factors that BCMD could meet to stay listed even with a stock price under $1.00. Other factors include minimal market cap, assets, etc. Pick up the phone, talk to a Nasdaq "analyst", and have them explain to you what the listing requirements are. In other words, the stock under $1.00 doesn't mean it gets automatically delisted.
Meanwhile, be careful of the hypsters, even the smart sounding ones. They may actually mean well, but if they own as much stock as they say, some of their objectivity may be lost. Same goes for me...
regards, S |
