Well that's morbid. What makes you think this is the last year for iRO?
RO has been on the decline for years. kRO is at their tightest they've been in their companies history.
http://globenewswire...ncy-Letter.html
https://dwq4do82y8xi...net/x/i3oWbDY1/
ZeroTigress wrote:
UPDATE:
"NASDAQ notified the Company that, upon the transfer to Capital Market on November 26, 2014, the Company is granted its second grace period of 180 calendar days, or until May 26, 2015 to regain compliance with NASDAQ. Gravity will monitor the bid price for its ADS between now and May 26, 2015, and will consider available options to meet the NASDAQ minimum bid price requirement."
Source: SEC Filing
They have received a notice to reach compliance by may 26th, or they'll be forced to liquidate assets. That of course, coupled with the world economic disaster looming, spells disaster for the entertainment industry as a whole. Now certain entertainment companies will be able to weather the storm of course, but my money is that with gravity already at 50 cents a share before the crisis hits, it won't be among them.
Reality bites. Welcome to it.
If anyone is interested more in the economic thing and how you can prepare yourselves for it, I'd be happy to offer advice. Just toss me a PM.
Edited by Tkwan, 23 January 2015 - 06:40 PM.