Re: HOPE WE SETTLE WITH VIVITAR BEFORE GET DELISTED !
in response to
by
posted on
Feb 12, 2008 12:29PM
Delisted does not mean bankrupt.
They have an EPS of .49 on 94 million shares outstanding.....however they have delayed reporting this quarter, which isn't good for them but likely requires reorganization or raising funds via a stock offering etc etc....a big unknown right now.
They might be in the mood to get EDIG out of their hair and tie it into a restructuring, taking all the bad news at once and then moving forward.
Talk of delisting might have more to do with their PPS dropping to critical levels. Their 52 week high is 9.08.
I think DM has some leverage here....settle and we'll go easy on you.
We shall see....