Few people know this, but $5.00 is a magic number for most funds covenants, in that they are not allowed to hold shares on companies that trade under $5.00.
Buckle up and expect the decline to accelerate!
They usually give a quarter for the company to cure the problem.
Expect talk of reverse splits heating up on 31. A 10-to-1 reverse split will get our share price back over $50 so that’s a good thing, right.....
no replies yet
That’s what CRC did. Do you want to follow their lead into the hole?