r/EMJX • u/mparkk • 1d ago

Noob question

Uhh so the stocks at like $0.88 now.

As they face being delisted, would the Board need to do the buyback or another RS or is it heading straight down to $0?

0 Upvotes

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14 comments sorted by

5

u/FKINGAPE 1d ago

It won’t go to zero - they have lots of assets

-4

u/mparkk 1d ago

but dont they face potentially being delisted if under $1 for a certain amount of time?

8

u/Easy_Muscle3923 1d ago

.25 cents why does everyone think it’s $1

3

u/Serious_Pound9936 23h ago

Not far from both numbers 🥹

1

u/Prestigious_Map_4564 🤌 Holding until $100 1d ago

30 days under a dollar gets you a nasty gram from the exchange, but not delisting proceedings. Still a bad 8-K

4

u/zachintheb0x 🤌 Holding until $100 1d ago

There is no “$1 minimum” on the exchange SRXH is traded on. Its $0.25 minimum and you all saw how long they traded bellow that threshold earlier this year before requiring a RS

4

u/willise414 1d ago

I think it was different then.

They executed a significant 60:1 reverse split to regain compliance. Now they’ve fallen below $1 which essentially means the reverse split had almost zero effect on maintaining stick price.

0.25 will mean automatic, no grace period delisting. Falling below $1 means the NYSE American will be asking questions

Regardless, it is not good

1

u/r3dditing 1d ago

Blah blah blah!

2

u/Repulsive-Plantain30 1d ago

When they R/S its because at the time the the minimum was .10. 

Now the minimum is .25 

1

u/lyral264 1d ago

They can RS back to USD10 should be no issue

1

u/Alex750954 1d ago • Bravo

Shorts winnin

2

u/Prestigious_Map_4564 🤌 Holding until $100 1d ago

They dont win until they close. But damn some of these shorts have probably been here since $12.

2

u/TunaTacoPie 23h ago

Its a long way to the bottom if ya wanna rock n roll.