https://www.macroaxis.com/invest/ratio/IO--Probability-Of-Bankruptcy
Probability of bankruptcy - 71%
6 replies (most recent on top)
Depends on whether Inova is operated as a business unit or as a separate company. If it is a separate company I do not see a stock ticker symbol, which could mean that it is not publically traded. If that is the case there would be no financial information available, so impossible to tell. If it is operated as a business unit of ION it would be in the same boat as other business units.
If you work there ask yourself - 1) are you busy, and are those around you busy 2) have there been layoffs 3)Are new customers coming in/are old ones staying. This should give you an idea of where you stand.
What will that mean for companies they own or partly own like INOVA?
Absolutely inevitable. Ion stock would have to triple in value and remain there for 30 days straight to avoid delisting, and this has to happen in the next 3 months. Even a 3:1 reverse stock split would only temporarily help as this would reduce investor confidence further, resulting in a dip back below $1. The company has touted a buyback program to inflate the stock price, but they have no money to do this with. Of course Hanson knows all this as he is the former CFO of the company. So effectively all he is doing at this point is skimming money off the top through increasing his own compensation.
When the line of credit gets revoked the lights go out
being delisted by NYSE seems inevitable
Wait till the $40 million line of credit gets revoked.