Isn’t there some limited amount of time before shares can no longer be traded?
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A company that falls short of the NYSE's financial criteria gets delisted, too. For example, capitalization of less than $15 million over a 30-day trading period is grounds for delisting. ... A company can also be delisted if its share price falls below $1 for 30 consecutive trading days.
last post, good tip if i ever want to lose the rest of my money
It may be off nyse but you can still trade the stock. I buy pennies all the time via eTrade.
Just a terrible look for the company and you need Stock broker that’ll buy it for you.
NYSE delists penny stocks after 30 days.
NYSE has two requirements
Share price over $4 and market cap over $50M
MDR can do a reverse split to put the share price above $4. However, they have not executed this, in theory because they know the price will inevitably fall bringing the market cap below $50M.
At this junction, it’s a moot point to do a reserve split in the name of meeting NYSE requirements.
Unless MDR pays down their debt, then the future is grim.
1 year to go above $1.