Originally Posted by
KC135
Nope, wasn't me. I wouldn't hold long term but you could make a few bucks trading it off pure technicals in a short term swing. It's a high risk penny stock so I wouldn't bet the farm.
Delisting will take a while, a notice will be given in 30 days then they have 180 days to recover. RJET is on the nasdaq so as long as they maintain at least a $35 million market cap they could issue a reverse split to comply with the $1. This is a chapter 11 not a ch 7 liquidation.
Oh disregard, it was Name User. Regardless, dabble with it if you want, but I don't think it's worth the gamble, even short term. AA shareholders who stuck it out got lucky their common wasn't wiped...that's rare in BK cases (even ch11).