Bellatrix Exploration Ltd (Canada) BXEFF

RE: delisting or removal from NYSE trading

[Fraser19]

RMXStoleME wrote:

Minimum Penalty

If a listed stock closes or ends the trading day below $1 for 30 consecutive days, it is a candidate for delisting or removal from NYSE trading. The NYSE typically suspends trading in the stock after the 30th day that it averages below $1 per share. This happened to Eastman Kodak in January 2012, when it fell toward bankruptcy.

that's  1,29$  Canadian,   we are at  1,89$  right now. 

either this goes belly up or it will reverse split again?

Well delisting is not the same as bankruptcy, so we can start there. It will move over to pink sheets or just trade on the TSX. There financials are stable enough I don't think they will go go bankrupt. But they could sink below 1.00 USD. I can't see them doing another reverse split. This is a tricky one to evaluate as it's a good enough company to warrant a higher share price but its out of favor enough to be a shorter dream. Absolutely a stock to use stop buys and stop losses on.