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Posted On: 05/02/2020 2:38:01 PM
Post# of 85942
I haven't posted in quite sometime, content to follow the info you all have provided and I thank you for that.
I wanted to express an opinion and this is strictly my opinion as to why the good Doctor has not relisted UNVC yet. Warning: This is lengthy.
My first point is: Univec voluntarily delisted in 2010. This is from "Business Finance":
The 2008-2009 stock market crash and current deep recession are causing many small public companies to reexamine the costs and benefits of remaining listed on a national securities exchange and continuing as a public reporting company under the Securities Exchange Act of 1934 (the “Exchange Act”). Over the past twelve to eighteen months, many companies have experienced steep declines in their total market capitalization and revenues. For smaller companies, public company compliance costs have increased significantly as a percentage of revenues. In early 2009, more than 200 NASDAQ listed companies and 50 NYSE listed companies were facing delisting for non-compliance with applicable continuing listing requirements.
Companies facing delisting are more likely to consider “going dark” than those not under immediate pressure to address their listing status. However, many companies not facing near term delisting pressure may also wish to consider this possibility. Public company burdens are particularly acute for companies with a market capitalization of less than $50 million and total revenues of under $100 million. Public company compliance costs can range from $1.0 million to over $3.0 million annually even for such a relatively small company.
Companies that have delisted and relisted include: Dell, GM, Kodak, Delta, Six Flags and Citigroup.
Relisting is not that simple: Listing on a major exchange requires companies to meet several requirements, including a minimum share price, a certain valuation of all publicly issued shares, a code of conduct applicable to all employees, and ongoing disclosure of all material news, among other factors. If a company fails to meet any of these conditions, the exchange will send a deficiency notice before beginning the delisting procedures.
All this has to be in order before any relisting.
My second point is: Because of the Coronavirus the market is way down and IPO's are sparse.
Volatility from the coronavirus outbreak has now essentially shut down the spring IPO market,” stated a report from Renaissance Capital, a provider of institutional research and IPO exchange traded funds.
From US NEWS; Volatility in the stock market is kryptonite to the IPO market because you can't get a sense of where to price the stock," says Scott Rostan, founder and CEO of Training The Street, a New York-headquartered company that teaches courses on analyzing and valuing companies. "Buyers and sellers are going to be very tentative."
One of the reasons the stock market has declined so much during the pandemic is that the uncertainty about how bad things could get has sapped appetite for riskier investments. IPOs are even riskier for investors than stocks that are already trading on exchanges because private companies don't have a track record of making their financial history public.
As investors have seen their portfolios plummet, their focus has been on trying to maintain the value of what they own rather than taking on the new risk that investing in IPOs would entail, says Reena Aggarwal, professor of finance at Georgetown University.
I don't think it would be beneficial for Univec to relist in this type of environment so my plan is to hold to what I have and wait for better times.
I truly believe that Dr. Dalton is an upstanding human being and cares for others. Opportunities like this only come once a lifetime, if even then, and
we need to persevere. We have no way of knowing the timeline nor the undertakings that must be done.
So in the meantime, let's "Don't Worry, Be Happy".
I wanted to express an opinion and this is strictly my opinion as to why the good Doctor has not relisted UNVC yet. Warning: This is lengthy.
My first point is: Univec voluntarily delisted in 2010. This is from "Business Finance":
The 2008-2009 stock market crash and current deep recession are causing many small public companies to reexamine the costs and benefits of remaining listed on a national securities exchange and continuing as a public reporting company under the Securities Exchange Act of 1934 (the “Exchange Act”). Over the past twelve to eighteen months, many companies have experienced steep declines in their total market capitalization and revenues. For smaller companies, public company compliance costs have increased significantly as a percentage of revenues. In early 2009, more than 200 NASDAQ listed companies and 50 NYSE listed companies were facing delisting for non-compliance with applicable continuing listing requirements.
Companies facing delisting are more likely to consider “going dark” than those not under immediate pressure to address their listing status. However, many companies not facing near term delisting pressure may also wish to consider this possibility. Public company burdens are particularly acute for companies with a market capitalization of less than $50 million and total revenues of under $100 million. Public company compliance costs can range from $1.0 million to over $3.0 million annually even for such a relatively small company.
Companies that have delisted and relisted include: Dell, GM, Kodak, Delta, Six Flags and Citigroup.
Relisting is not that simple: Listing on a major exchange requires companies to meet several requirements, including a minimum share price, a certain valuation of all publicly issued shares, a code of conduct applicable to all employees, and ongoing disclosure of all material news, among other factors. If a company fails to meet any of these conditions, the exchange will send a deficiency notice before beginning the delisting procedures.
All this has to be in order before any relisting.
My second point is: Because of the Coronavirus the market is way down and IPO's are sparse.
Volatility from the coronavirus outbreak has now essentially shut down the spring IPO market,” stated a report from Renaissance Capital, a provider of institutional research and IPO exchange traded funds.
From US NEWS; Volatility in the stock market is kryptonite to the IPO market because you can't get a sense of where to price the stock," says Scott Rostan, founder and CEO of Training The Street, a New York-headquartered company that teaches courses on analyzing and valuing companies. "Buyers and sellers are going to be very tentative."
One of the reasons the stock market has declined so much during the pandemic is that the uncertainty about how bad things could get has sapped appetite for riskier investments. IPOs are even riskier for investors than stocks that are already trading on exchanges because private companies don't have a track record of making their financial history public.
As investors have seen their portfolios plummet, their focus has been on trying to maintain the value of what they own rather than taking on the new risk that investing in IPOs would entail, says Reena Aggarwal, professor of finance at Georgetown University.
I don't think it would be beneficial for Univec to relist in this type of environment so my plan is to hold to what I have and wait for better times.
I truly believe that Dr. Dalton is an upstanding human being and cares for others. Opportunities like this only come once a lifetime, if even then, and
we need to persevere. We have no way of knowing the timeline nor the undertakings that must be done.
So in the meantime, let's "Don't Worry, Be Happy".
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