THORNBURG MORTGAGE - Trading at .24

C-4 Joined: 19 Jul 2007 Posts: 1390

http://finance.yahoo.com/q?s=TMA

At what value do you get delisted from the NYSE? I thought it was $1.00.

Dud? Joined: 21 Jul 2008 Posts: 3

I even think $1.00..
I saw yahoo link that you provided, it seems that there is little drop in the charge...
Why? Explain me..
Thanks in advance.

Posted: Mon Aug 04, 2008 4:33 pm

1 More Thing wrote:

http://finance.yahoo.com/q?s=TMA

At what value do you get delisted from the NYSE? I thought it was $1.00.

I thought so too, no answer from my daytrader friends........

Wrecking crew Joined: 01 Nov 2007 Posts: 1556

This is cut & pasted from an article i read a few weeks ago:

"To avoid being de-listed from the NYSE, Thornburg shares within the next six months must regain a $1 price and maintain it for more than 30 trading days."

Posted: Mon Aug 04, 2008 5:11 pm

Rotag wrote:

This is cut & pasted from an article i read a few weeks ago:

"To avoid being de-listed from the NYSE, Thornburg shares within the next six months must regain a $1 price and maintain it for more than 30 trading days."

ask and you shall receive Wink

C-4 Joined: 19 Jul 2007 Posts: 1390

WOW--- they give you 6 months to "right the ship"....I thought if it stayed at $1.00 for 30 days... you got the hook.

Thanks for the info, .....now I know!