Post by
Gibster42day on Mar 02, 2022 4:50pm
How is McEwen going to address the $1 issue?
If McEwen wants to stay listed on the Exchange, then he's got to get this thing above a $1 by June, I believe. Otherwise this thing will be trading OTC with less visibility? How's he going to do that? Reverse split? For me, this is a problem.
Comment by
gisellekronk on Mar 02, 2022 6:19pm
Gibster42day , you can bet it will be a reverse split , at one for 10 , mux is at $ 7.70 / share , then it continues dropping from there , unless rob fixes the numbers . i am waiting until dec to sell and use the loss against all my other gold stock gains ( just about every one , except mux ) .
Comment by
Gibster42day on Mar 03, 2022 2:31pm
What are some of the alternatives rather than a reverse split? I know that not vey long ago we got up to $1, but I don't know how long it stayed above this mark. I think it has to be 5 +, but they might have changed this.
Comment by
Gibster42day on Mar 03, 2022 2:41pm
On NYSE, If a stock remains under a $1 for 30 consecutive days, then it is in violation and must submit a plan on how it intends to get it back to $1. If no plan, then it can be delisted. Might be wrong, but this is what I read.