They suspiciously dumped some shares a few months back when it was in the high ones (look it up it’s public record). What do they know now that they aren’t telling us?
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Watch these clowns do another reverse split to prolong the delisting. Which of course will lead to a further decline in shareholder value.
Ok that's all well and good but at the current .79 cents and not rising is 6 months time going to change anything?
Actually they are not delisted after 30 days. They will receive a letter stating they have 6 months to get above $1 after the 30 days. After 6 months they will get delisted.
I've been asking that same question. What's the goal? If they bought and sold enough of it they could keep it above a $1 so they could remain listed. If you're under $1 for 30 days then you're delisted. How are you going to refinance this mountain of debt if you're not worthy? Dirty Dan talks out of both sides of his mouth and neither side is telling the truth. They all know something. You don't hire a guy who worked on the Sears board and came in when Sears was in dire straits to keep FTR going on its current path. In the same manner they sold all of the brands that made them who they were (craftsman etc) FTR will be selling the rural segments of thier business, which at one point was a claim to fame for them. Just my 2 cents!