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Citi group now trading at $1 per share. Rumors abounding they may be delisted...

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originalpckelly Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Mar-05-09 12:06 PM
Original message
Citi group now trading at $1 per share. Rumors abounding they may be delisted...
I think this was a really sound investment of tax dollars.

IF the rule about delisting dollar stocks was still in effect, then Citi would no longer be listed.
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MercutioATC Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Mar-05-09 12:10 PM
Response to Original message
1. C.pk?
Headed to the pink sheets?
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Lost in CT Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Mar-05-09 12:11 PM
Response to Original message
2. When the share price drops below the ATM fees the bank is in trouble. nt
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KittyWampus Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Mar-05-09 12:25 PM
Response to Reply #2
7. I laughed and then thought "Oh, my. Not funny".
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originalpckelly Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Mar-05-09 12:16 PM
Response to Original message
3. And I forgot to add that GM's auditor said they may not be a going interest...
and may have to be liquidated.
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originalpckelly Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Mar-05-09 12:18 PM
Response to Original message
4. CNBC replaying GE CFO, saying that GE Capital doesn't have a time bomb on its books.
Anchors all look to be shitting their collective pants once again.
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originalpckelly Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Mar-05-09 12:21 PM
Response to Reply #4
5. Guy on their Power Lunch show saying that they don't have enough provisions...
for losses.
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originalpckelly Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Mar-05-09 12:23 PM
Response to Original message
6. DJ indexes says they are watching the situation very closely...
in regards to Citi's potential delisting.
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serrano2008 Donating Member (363 posts) Send PM | Profile | Ignore Thu Mar-05-09 01:23 PM
Response to Original message
8. Are they currently delisting anything?
Looks like there are over 100 companies on NYSE that are trading under $1.00 and have been for months.
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