Would someone please confirm that NCT has until September 14, 1998, to have pulled our stock up to the $1.00 level, and to have sustained it there, **for a ten-day period** in order to avoid NASDAQ delisting?
Folks, if this is the case, we have 19 trading days left to do this. Our stock for ten of those 19 days remaining **must** be at or above $1.00 in order to avoid NASDAQ delisting. That means, at the very latest, we have nine trading days left before we **must** hit $1.00.
Today it appeared that a lot of 'regular' trading took place, with many, many seemingly regular sells taking place at 9/16. (I say 'regular' as opposed to 'conversion' activities, though the later seemed to take place, too.) I feel strongly that people are selling now precisely because they are extremely unsure that NCTI is going to make it to $1.00 in the next nine trading days.
Every trading day that goes by without a rise now means that many more people are going to be betting against NCTI. Selling will start to accelerate, and that will make it all the more impossible to ever reach the $1.00 target.
We are in quite a bind here. Mr. Perrella and Company are going to have to pull out everything possible. NASDAQ delisting will almost certainly mean a substantial loss in the value of our NCTI positions, and will mean that our positions will be more or less frozen for a long time to come (low price plus huge bid/ask spreads).
Let's hope to God we can get our price up, and fast.
As usual, agree or disagree with the above, but please intelligently state your own thinking in your follow-up posts.
Nicholas
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