tag:blogger.com,1999:blog-1527840491496268397.post4874422684865538607..comments2024-03-08T11:20:30.095-07:00Comments on Credit Bubble Stocks: "Suntech to Appeal NYSE Determinations" $STPFQUnknownnoreply@blogger.comBlogger10125tag:blogger.com,1999:blog-1527840491496268397.post-66381501983905222342013-11-22T04:48:47.105-07:002013-11-22T04:48:47.105-07:00STP has gone, the next is LDKSTP has gone, the next is LDKAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-1527840491496268397.post-23320981630872646332013-11-22T00:34:14.582-07:002013-11-22T00:34:14.582-07:00Does anyone know any banks who do debt-for-equity ...Does anyone know any banks who do debt-for-equity swaps or rights offerings for otc stocks?<br /><br />There's your answer as to why stpfq is trying to get relisted on nyse.<br /><br />The JPLs might file for chpt 11 soon...... and we'll likely find out about it after-hours or on a non-trading day.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-1527840491496268397.post-91370217341478728732013-11-21T09:51:14.771-07:002013-11-21T09:51:14.771-07:00I'd guess the logic is that it is easier to re...I'd guess the logic is that it is easier to restore a listing rather than qualify as a new co, and Wuxi still has this fantasy that a reliquified Holdco is going to end up solvent and back on the NYSE.<br /><br />I suspect they are about to learn a few lessons in BK court, but we'll have to wait and see on that.MrGothamhttps://www.blogger.com/profile/09619066311399920159noreply@blogger.comtag:blogger.com,1999:blog-1527840491496268397.post-28599783992737412722013-11-20T13:04:58.787-07:002013-11-20T13:04:58.787-07:00Why not appeal? What can they lose?
Continue to s...Why not appeal? What can they lose?<br /><br />Continue to string stock and bond holders along..Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-1527840491496268397.post-89163020973512694732013-11-20T12:34:27.960-07:002013-11-20T12:34:27.960-07:00STPFQ knows the delisting rules - why are they app...STPFQ knows the delisting rules - why are they appealing. Does not make sense. Any suggestions...Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-1527840491496268397.post-50753061572098431962013-11-20T09:28:21.749-07:002013-11-20T09:28:21.749-07:00According to NYSE rules they can't keep the li...According to NYSE rules they can't keep the listing. Bankrupt companies can keep their listing only if they are profitable and cash flow positive.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-1527840491496268397.post-11223887100204453032013-11-20T00:05:43.747-07:002013-11-20T00:05:43.747-07:00I really hope stpfq releases its insolvent financi...I really hope stpfq releases its insolvent financial statements as part of the appeal process. Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-1527840491496268397.post-46296506908084618372013-11-19T13:36:14.233-07:002013-11-19T13:36:14.233-07:00The SEC determined that CleanTech Innovations had ...<i>The SEC determined that CleanTech Innovations had not intentionally withheld crucial information from Nasdaq. “[T]he record does not show that the specific grounds on which Nasdaq based its delisting decision exist in fact,” concluded the SEC. “[A]nd the considerable discretion afforded to Nasdaq therefore does not permit its delisting decision.” The July 11 ruling ended a listing dispute that had started three years ago. This the first time the SEC has reversed a Nasdaq decision in recent memory.</i><br /><br />http://www.forbes.com/sites/davidyin/2013/08/02/in-rare-move-sec-reverses-nasdaqs-delisting-of-chinese-company/?partner=yahootixOpium Warnoreply@blogger.comtag:blogger.com,1999:blog-1527840491496268397.post-67138496870579963852013-11-19T13:34:48.516-07:002013-11-19T13:34:48.516-07:00Of course, the real question is have any delisting...Of course, the real question is have any delistings been reversed after the company in question admitted in court papers in insolvency proceedings that they are "insolvent" and that unsecured liquidation recoveries are likely to be zero?Rob the Gaijinnoreply@blogger.comtag:blogger.com,1999:blog-1527840491496268397.post-91585620519032670972013-11-19T13:30:14.362-07:002013-11-19T13:30:14.362-07:00http://www.prnewswire.com/news-releases/cleantech-...http://www.prnewswire.com/news-releases/cleantech-innovations-inc-announces-sec-decision-setting-aside-2011-nasdaq-delisting-of-cleantech-common-stock-217376641.html<br /><br />NASDAQ not NYSE but there may have been a couple more China reverse mergers from a few years ago that won an appeal. Anonymousnoreply@blogger.com