Backward split

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Crystallex International Corporation is a Canadian-based gold company with a successful record of developing and operating gold mines in Venezuela and elsewhere in South America

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auntierooski

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Backward split

posted on Feb 06, 2011 10:40AM

Is it possible, just possible that the price of KRY is in pennies that the Exchange is demanding that a stock be traded at a least number within the rules of the exchange or be delisted.

When Nortel was traded at a low number they were threatened to be delisted. They backward split 1 for 10 and were allowed back in. They went from 10 cents to about a dollar.

Some have said on this board RM does not know why the halt (which is an amazing comment to me) and which is very bothersome.

What say those on this board with a background of trading experience.

I have to add hopefully I'm misspeaking and raising a thought not worth anything since at one time this stock traded at 10 cents (at the time I thought there might be a negative split) but it did not happen obviously.