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Old 05-28-2013   #4
RawAlex
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Default Re: I didn't think it was possible but...

FFN was 34 cents over the weekend, not a big deal, except that they got their 180 day delisting notice in early February, with the required goals being over $1 per share and at least a 15 million market cap. At this point, they are closer to 11 million market cap and certainly well below the dollar.

Now, for you risk takers out there, consider: If they want to stay public, they are going to have to come up with some sort of miracle that hauls the stock up to over a dollar to a period of time no later than August, and this has to happen without just buying back and removing shares from circulation, as that won't fix the market cap. Don't be shocked to see one or more of their big investors come in and try to move the stock with some solid buying, hoping that they start a run.

The risk? The risk is that they have decided to stop being public again, as it's not working out for them, so they could possibly just let it slip, accept the delisting, and end up on pink sheets or just dead completely, which would mean anyone buying in now would be screwed solidly.
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