Question,
When you have a position on a NASDAQ company and news comes out after the closing bell that they are in non-compliance and are moving to the OTC market and the stock plummets, What does that mean for the shares you hold,
Should I hang on to them to see what happens when they come back as PGRNF on June 6th?
Or try to sell them off at a great loss?
Never experienced this before but I'm sure someone has,
Thank you ,
Posted May 25, 16 5:30 PMbyHardtail
Tickers
PRGN
You knew it was coming. They have negative $35 million shareholder equity. Nasdaq minimum is POSITIVE $2.5 million. Where were they going to come up with $37.5 million? Oh yeah, and buried in the release they announced they defaulted on the delivery of the first of the three ships that they don't have money to pay for! Trading the low float squeeze works..... UNTIL IT DOESN'T! 35 cents will look good in about two weeks.
Sorry man sometimes we get holding to long. Live and learn.
Thanks Ron, Learning for sure.
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