leh opened at 40cents,why is it not delisted?

Discussion in 'Trading' started by newguy05, Sep 15, 2008.

  1. leh opened at 40cents,why is it not delisted?
     
  2. Doesn't a stock have to trade below $1 for 30 days before it's delisted?
     
  3. it filed fo chapter 11, shouldnt it be on the otc?
     
  4. It would not change exchanges.. should have a new symbol soon?
     
  5. Question for you guys. I don't own any LEH, but for those who did, let's pretend there WAS a buyout and the buyer agreed to pay $20 a share. This is purely a hypothetical. Does that mean anyone who bought shares - regardless of price - gets $20 a share?
     
  6. MTE

    MTE

    Yes.
     
  7. Daal

    Daal

    I remember reading the stock needs to be below $1 for six months. or if it falls below minimum market cap. bondholders have an interest buying the stock to control BK, it would be unfair if the stock gets delisted right away
     
  8. Do we have any hope people who are holding LEH Share
    What will happen to george soro who is holding million of $ of shares
     
  9. nickdes

    nickdes

    Do we have any hope people who are holding LEH Share
    What will happen to george soro who is holding million of $ of shares


    I would think in the case of Soros (sp) he would have purchased puts and or other means to hedge.
     
  10. TGregg

    TGregg

    He can call his broker up and have the stock certificates sent to his house. Then he can cut them up into 4 inch squares and put `em by the toilet to save on butt wipe. :D
     
    #10     Sep 15, 2008