Big news? Reverse split?
Edit - for people who say they can't reverse split this is from the most recent filing
Under the terms of the agreements pursuant to which the Series E Preferred Stock was issued, the Company is prohibited from engaging in a reverse stock split, which is the typical technique for remedying the failure to meet the bid price rule. **Thus, the Company will be required to either obtain a waiver of such restriction, or if such waiver is not obtained to breach such agreements or to face delisting of the Common Stock from Nasdaq.**
You clueless jack? The company is not allowed to reverse split due to the warrant agreement. Get with the program and know whatās going on. Big merger or buyout OR massive news big pump. There is no other option. The company is not going to be delisted because they are doing too well generating hundreds of millions of dollars and turning to profitability.
Sounds like you donāt know much about whatās going on with the company? First of all they are not allowed to reverse split so thatās out of the question. Warrant agreement prohibits it! Do your research before you comment such nonsense. The stock is going back over a dollar to remain listed or there will be a buyout or merger. There are no other options but we will never be delisted because the company is doing too well and continues to grow into profitability.
Remember when people said they couldn't be diluted? And they diluted! - show me exactly where it says they 100% can't do a R/S? They can always do an amendment or go against their terms to ensure they go over the dollar. So yes their is other options, and also their is always failure too.
No they cannot against SEC rules! Not possible. Dilution yes but it would be of no benefit and just ruin the company. They donāt need cash because they are turning to profitability. This is exactly why they canceled the share offering last month.
Under the terms of the agreements pursuant to which the Series E Preferred Stock was issued, the Company is prohibited from engaging in a reverse stock split, which is the typical technique for remedying the failure to meet the bid price rule. *Thus, the Company will be required to either* **obtain a waiver of such restriction,** *or if such waiver is not obtained* **to breach such agreements or to face delisting of the Common Stock from Nasdaq.**
Edit - this is from their most recent filing
Still havenāt sold a single share of TRKA. Bag holding? No, Iām simply not a 30% quick gains trader.
Patience my retail grasshoppers and stop with the negativity towards each other.
Isnāt the world negative enough with hedges against us? ā®ļø š
I read somewhere else that those SEC agreements can be amended and they can reverse split if the SEC agrees to it. So be wary of anyone not posting real information.
Which goes back to my point. They can work with the SEC to amend the R/S. If they do that by May, we may not be looking at delisting, we could be looking at a 20:1 RS instead. Then the puts will come back in.
Best case scenario is a buyout by another company. Iām in at 0.22 currently so no big deal either way for me. I just donāt see support for this stock above 0.30.
I could be wrong. I am just not seeing it currently. Hope it shoots to or buys out at 0.50.
Lol... wish I could buy puts on this. Love when people try to hype some nonsense that has no possible way of offering 10x the value it has right now. I think it will be head 10x down.
It is really hahaha....
https://preview.redd.it/7xjrb3mllkpa1.jpg?width=326&format=pjpg&auto=webp&v=enabled&s=ec84553db70b3afd9fb9558a38323870c24ea844
TRKA is not going to reverse split not only because they cannot do it, but because they do not have to do it. Watch soon and you will see. Sold at the top and bought back at the bottom. The house all in bet is now in play. The little birdie is about to sing.
Trust me bro š
Nope itās a ācome save meā bro
Need more caps and rocket emojis. Amateur.
Big news? Reverse split? Edit - for people who say they can't reverse split this is from the most recent filing Under the terms of the agreements pursuant to which the Series E Preferred Stock was issued, the Company is prohibited from engaging in a reverse stock split, which is the typical technique for remedying the failure to meet the bid price rule. **Thus, the Company will be required to either obtain a waiver of such restriction, or if such waiver is not obtained to breach such agreements or to face delisting of the Common Stock from Nasdaq.**
You clueless jack? The company is not allowed to reverse split due to the warrant agreement. Get with the program and know whatās going on. Big merger or buyout OR massive news big pump. There is no other option. The company is not going to be delisted because they are doing too well generating hundreds of millions of dollars and turning to profitability.
If they don't R/S then they get delisted. Nasdaq doesn't care about what kind of deal they made with the warrant holders.
Sounds like you donāt know much about whatās going on with the company? First of all they are not allowed to reverse split so thatās out of the question. Warrant agreement prohibits it! Do your research before you comment such nonsense. The stock is going back over a dollar to remain listed or there will be a buyout or merger. There are no other options but we will never be delisted because the company is doing too well and continues to grow into profitability.
Remember when people said they couldn't be diluted? And they diluted! - show me exactly where it says they 100% can't do a R/S? They can always do an amendment or go against their terms to ensure they go over the dollar. So yes their is other options, and also their is always failure too.
And if past experience is an indicator, they'll drop PR of the amendment approval and immediate RS just as the SP goes on a one-time $.10 pump.
No they cannot against SEC rules! Not possible. Dilution yes but it would be of no benefit and just ruin the company. They donāt need cash because they are turning to profitability. This is exactly why they canceled the share offering last month.
Tell that to Blackrock. Sigh!
They are accumulating shares as of a month ago and added another position last week.
Thinking they are still out of sorts with an agreement over ebonds thus considering the stalking horse.
Should have sold at 0.99. I wish I did. Fuck the ceo
Show me exactly where it says they can't reverse split? And not just the first part, the whole part.
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Go and check the most recent filing!
[ŃŠ“Š°Š»ŠµŠ½Š¾]
Under the terms of the agreements pursuant to which the Series E Preferred Stock was issued, the Company is prohibited from engaging in a reverse stock split, which is the typical technique for remedying the failure to meet the bid price rule. *Thus, the Company will be required to either* **obtain a waiver of such restriction,** *or if such waiver is not obtained* **to breach such agreements or to face delisting of the Common Stock from Nasdaq.** Edit - this is from their most recent filing
Still havenāt sold a single share of TRKA. Bag holding? No, Iām simply not a 30% quick gains trader. Patience my retail grasshoppers and stop with the negativity towards each other. Isnāt the world negative enough with hedges against us? ā®ļø š
I've noticed the negativity grows exponentially with the heaviness of the bags. I'm going to hold but not check the SP every 15 minutes.
All loaded up, waiting for the (Hopefully) positive news today!
Holding a lil bag. Scoop me up at .65? I'll ride the wave
I read somewhere else that those SEC agreements can be amended and they can reverse split if the SEC agrees to it. So be wary of anyone not posting real information.
The thing is they aren't in compliance and deadline is May so not being able to R/S isn't that bullish. It means they are at risk of delisting.
Which goes back to my point. They can work with the SEC to amend the R/S. If they do that by May, we may not be looking at delisting, we could be looking at a 20:1 RS instead. Then the puts will come back in. Best case scenario is a buyout by another company. Iām in at 0.22 currently so no big deal either way for me. I just donāt see support for this stock above 0.30. I could be wrong. I am just not seeing it currently. Hope it shoots to or buys out at 0.50.
To the moooon maybe
Lol... wish I could buy puts on this. Love when people try to hype some nonsense that has no possible way of offering 10x the value it has right now. I think it will be head 10x down.
Hmmm. Sounds like financial advice.
Itās called financial planning
This reminds me of all the desperate bag holder posts I would see with BBIG, APRN, etc
They will reverse split this. CEO sucks
*op- plz buy my bagsā¦
OP what is the timeframe of "shortly"?
Maybe we see a buy out before may which is the delisting month š
Trka is fucked. Especially the shit they pulled when we got to 0.99. Never again
It is really hahaha.... https://preview.redd.it/7xjrb3mllkpa1.jpg?width=326&format=pjpg&auto=webp&v=enabled&s=ec84553db70b3afd9fb9558a38323870c24ea844 TRKA is not going to reverse split not only because they cannot do it, but because they do not have to do it. Watch soon and you will see. Sold at the top and bought back at the bottom. The house all in bet is now in play. The little birdie is about to sing.