Recently the CEO of KBIO as many know has been arrested which is linked to KBIO stock prices. What happen to people who invested their money on this stock and have not pull out their money. Maybe someone doesn't look at their stock everyday and doesn't know the news of what happen. The price is showing up as $23.59 and 0 volume. I try to buy it on paper trading to see if it will give the stock, but it's not. So I am wondering what happen to the investors stock. Not just for KBIO but any company in the past with the same situation.
Has the trading of KBIO been halted? Likely investors will be "where they are" when trading suspension is lifted. Could be better or worse than the price when halted.
It will most likely open very low, below $5, nothing special will happen to it - trading will continue, life goes on...at least until they get delisted and go back to OTC.
I agree d08, People shouldn't really trade weird or unpopular stocks -- only mess with the big names. with great volume/liquidity. the one's that won't basically disappear or have some weird ceo bs.
KaloBios Pharmaceuticals Inc NASDAQ: KBIO* *Nasdaq FSI: *Delinquent: Issuer Missed Regulatory Filing Deadline
My mentor, who was himself f'd good at least once, said that people lose because they want to lose. Try reading The Tao Jones Averages. It's about his work. The guy who wrote it stole as many clients as he could before he went out on his own. OK finally got that off my chest. Thanks