Thread regarding Denbury Resources Inc. layoffs

Delisted?

Failure of a company to meet a minimum closing bid price of at least $1 for 30 consecutive trading days can trigger delisting.Could Denbury be headed towards this?

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Post ID: @OP+13RbQ7dN

12 replies (most recent on top)

Except for the person who said we’re lazy as heck collecting a check. Def still lazy people clinging on.

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Post ID: @6kwy+13RbQ7dN

BK isn't the end of the world, in fact it may be the best thing for us at this point. Clean up the balance sheet and get things reset.

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Post ID: @5vio+13RbQ7dN

I'm pretty sure the lazy ones were jettisoned in the first round of layoffs along with the always-first-to-go landmen. The second round cut into muscle, including the people who were good at their jobs but didn't get along with management. That third round amputated most of the technical staff while miraculously leaving management unharmed.

So I'd hesitate to call remaining underperformers lazy. Demoralized? Feeling trapped? Seeing no way out of Denbury's widening debt gyre? Yep. But probably not lazy. Just hopeless.

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Post ID: @5isq+13RbQ7dN

Let’s make this simple for you, the lazy ones will be fired on the next round of layoffs.... some people are so dumb...

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Post ID: @4kqh+13RbQ7dN

Why would anyone ‘lazy’ or with other priorities leave a company as laxed as this? The best employees are always the first to leave sh–cos.

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Post ID: @3xni+13RbQ7dN

Speak for yourself, some of us bust our butts. You lazy ones will be the first to leave.

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Post ID: @2jyg+13RbQ7dN

Denburied. We’re lazy as heck but getting a ‘paycheck’. Screw people who invested in our company. Who cares about those other people.

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Post ID: @2qfb+13RbQ7dN

I thought there might just be a 5 or 10 for 1 reverse split but being around 50c instead of 90c means we'll likely need at least a 20-25 for 1 split to give us some buffer. So are a 20:1, everyone would keep 1/20th of their shares and the price would increase 20x

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Post ID: @ump+13RbQ7dN

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