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05-03-2023 09:56 AM
Uh Oh.....
(Cue up ominous music....)
Now we know what "we won't be re-ordering this item"or "when it sells out that's it"....REALLY means.....
05-03-2023 09:57 AM
How SURPRISING - NOT.
05-03-2023 09:58 AM - edited 05-03-2023 09:58 AM
@Othereeeen wrote:Uh Oh.....
(Cue up ominous music....)
Now we know what "we won't be re-ordering this item"or "when it sells out that's !it"....REALLY means.....
Or "the only order of the year" !!!
05-03-2023 10:08 AM
It is like the last big management switch brought in a bulldozer to deepen and widen the hole they were digging themselves into.
The focus has been on any and every thing but customer satisfaction until--too little too late.
05-03-2023 10:23 AM
Maybe they could pull a Disney and bring back their old CEO. Meaning whoever ran the place whe it was profitable. Was that Mike George?
05-03-2023 10:29 AM
05-03-2023 10:36 AM
@RetRN wrote:I believe the writing is on the wall. Hosts are probably in a panic as to whether they should begin pursuing other career opportunities.
let's see if David Venable addresses the stock during his Coffee Talk program. Surely it will be a topic in the chat. Hosts may be nervous right now.
05-03-2023 10:39 AM
David will NOT "address the stock in CoffeeTalk"....
Unless he wants to clean out his locker today and return his parking pass....
05-03-2023 10:48 AM
05-03-2023 10:52 AM - edited 05-03-2023 10:54 AM
All kidding aside....you can google "what happens when a stock is delisted" to learn about the ramifications....it's not good...
Here's a brief desciption ( Motley Fool):
********************
"Here's what happens when a stock is delisted.
A company receives a warning from an exchange for being out of compliance. That warning comes with a deadline, and if the company has not remedied the issue by then, it is removed from the exchange and instead trades over the counter (OTC), meaning through a dealer network.
The mechanics of trading the stock remain the same, as do the business's fundamentals.
You don't automatically lose money as an investor, but being delisted carries a stigma and is generally a sign that a company is bankrupt, near-bankrupt, or can't meet the exchange's minimum financial requirements for other reasons.
Delisting also tends to prompt institutional investors to not continue to invest."
More:
"A delisted stock can theoretically be relisted on a major exchange, but it's rare.
The delisted company would have to avoid bankruptcy, solve the issue that forced the delisting, and again become compliant with the exchange's standards.
What's more common than a relisting is that a delisted company goes bankrupt and the delisted stock becomes worthless.
The company may be acquired by a private owner out of bankruptcy or be forced to liquidate.
The company may also restructure and eventually go public through an initial public offering (IPO), issuing new shares to new shareholders.
While the company is the same, the original shareholders generally have their investment wiped out in the bankruptcy."
******************************
Man the lifeboats!!!! Women and children first please.....
To those "Carolyn and Dan hanky twisters".....Hope you now realize how LUCKY they were to get severed.....
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