CannTrust Holdings Inc CNTTQ

RE:RE:RE:Delisting from NYSE

[myfistyourbutt]

JOhnDoe,

I dont think he meant it takes six months after dropping under a dollar..

 But John is right with under a $ 1 for 30 days..

Delisting by Numbers

A company that falls short of the NYSE's financial criteria gets delisted, too. For example, capitalization of less than $15 million over a 30-day trading period is grounds for delisting. The board will drop a company that qualifies under the earnings test if its capitalization is less than $50 million over a 30-day period. Companies that qualify for listings under the NYSE's other tests have their own capitalization minimums to meet. A company can also be delisted if its share price falls below $1 for 30 consecutive trading days.



 

JohnDoe88888888 wrote:

Eggplant wrote: Not in the cards..remember Ford in 2009/2009..hit .98 cents US.  NYSE doesnt suspend just because its under $1.  NYSE makes an asessment and they will review TRST within 6 months.

In the meantimewith$214 million cash in the bank TRST is on allcylinders to return to compliance.  they are closeto completing.  Standard OPerating procedures are being tiighten with tightcompany complianceoversight.

in the meantime partial suspension allows TRST to continue to pruneand cultivate existing approved and licenese areas.

We will see that TRST will perservere and rise above this crisis. 

the volume is low relative to issue and thismeans that holders and major investors are waiting for thecompanies progress.

$214 million can buy alotof things, so hang tight.  experts are on this recovery

The actual rule is 30 consecutive trading days under $1, the delisting process is automatically initiated. That $200mil in cash is burning at a record pace with no revenue coming in for the past 2 months - payroll, variable expenses and don’t forget the millions in product refunds and legal fees = serious cash burn. WEED has 2.5bil in cash - I know it’s not an apples to apples comp, but still.