|Erie, understand your confusion and hope to help some. There has been a lot of information posted, but with the lack of recommendations or just a few it's hard to find the information if one does not take the time to read all board posts at some point at the end of the day, otherwise it becomes a daunting and confusing task find important Information relating to MUX especially the Delisting Info. |
Even This Post (Link) where I asked for a reommendation on for a specific reason only recieved One, and that was from Curveball, who I had been discussing anot her Stock and it's issues back and forth in SI Mail. Granted it was buried at the end the rate short post for me, but the post was marked URGENT in the Title.
Sometimes I wonder if it's worth it, updating the Board Intro, Find and repairing charts that end in a dead link, the extensive DD (thanks Wolf)! on top of my Own Huge Research Project listed in that URGENT post.
(Opps had to take a break for an important reason, SpaceX launch and then the first successful commerical Landing a of a Rocket Booster back on land, a SpaceX First innovation. It may not sound like much to most, but this innovation will Saves Millions of dollars, in the Cost of being able to refurbish and reuse rocket boosters, Potentially saving up to 70 to 80% of the cost in launching Satellite Payloads, International Space Station (ISS), Resupply Missions, and Astronauts into space to the ISS. OK Boys, Space Stepping down from my Space Soap Box now. JW@KSC
Spaceflight now Coverage and Videos of Tonight's Launch, and landing, which is an amazing feat seeing a Rocket Returning to Earth just minutes after Liftoff and Deploying two an Orbcomm Satellites.
Labaguette posted a helpful LINK in PA post on 12-15 that would helped and I saw you read that by your reply to his post .
I had hoped My reply in a Post to Lab today on Rules NYSE Section 8 Suspension and Delisting and my commentary and Link to the NYSe Rules on Delisting would have either answer most questions, or perhaps Given one a headache trying to figure out the legalese of those Rules.
Sorry I can't answer your question straight out you have to read the rules and interpret them with your own opinion.
Only McEwen Mining Executives and the NYSE could possibly give a good explanation as to the Possibilities of a definitive action going forward.
For its part MUX PR's have been open and honest in giving shareholders a worst case scenario. yet there are a lot of options available, at least in my interruption of the Rules, without having investors running for the hills and redeeming their Shares. If they were to run to the hills, I suggest a good place to start is the Battle Mountain Area in the Eureka-Cortez gold trend of Nevada and let thier voice echo in Support of McEwen Mining !
Ok, let's get on with the main subject at hand and trying to somewhat get an answer.
I did not find the word probation or probation period in those Rules, but in and amongst the words there are various ways to preclude a Delisting In my IMO, especially when it comes to a Company such as MUX and with the on going projects and company initiatives and cash balance Mux has, not to mention the infamous man behind the Company.
I would not like to be on the receiving end of the NYSE Commission that Delist's Rob McEwen's Company, with the Flack that might be received and outed as being unfair from the Gold Mining Industry, Industry Commentary Writers, Mining Executives, the TSX, Retail Investor, Fund Companys with a Stake in MUX, ect.
Not with all the positives McEwen Mining has done this year.. This is not the Typical Company that would recieve a Delisting even with the PM Market Conditions.
There are many ways in the Rules that give the NYSE leeway (wiggle room) to avoid that embarrassing situation. As long as MUX provides the Letters Required.
At worse it would only heightened the ongoing precious metals manipulation and the obvious shorting strategies going on in PMs and Jr. MINING Stocks in general, as well as what has seemed like a long standing and serious shorting attack against a high profile man in the industry, going back to the days of OTC USG.
If you want to make money shorting, there no better scenario than Shorting a stock that is in small to medium company that has a High Profile with lots of investors trying to push the stock higher, in a market with so many Bears ànd Bearish Tones seeming winning the Gold Bear / Bull Game in this Rigged Stock Market Casino.
Of course that all IMO, and this couldn't possibly be happening in an Honest American Stock Market.
Not waving my American Flag literally and in speech much these days, even being a Proud 10 year Veteran of the USAF.