What happens to a stock when the value goes below a $1.00

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Old 10-23-2023, 10:48 AM
SallyB SallyB is offline
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Default What happens to a stock when the value goes below a $1.00

As we know I talk about GWG L Bonds but my question today is,

Beneficient which was to be part of the GWG payback is now at $0.67 a share what happens now to the company since the stock is under a $1.00. Do they get removed from the stock exchange? Does the company declare bankruptcy? Are all the funds given to them just gone ($360 million)?
Good one Michael
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Old 10-23-2023, 11:24 AM
Keefelane66 Keefelane66 is offline
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GWG L Bonds were delisted in 2022 unless you join a lawsuit you are probably S O L…

GWG L Bonds | Chase Carlson
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Old 10-23-2023, 12:02 PM
SallyB SallyB is offline
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Quote:
Originally Posted by Keefelane66 View Post
GWG L Bonds were delisted in 2022 unless you join a lawsuit you are probably S O L…

GWG L Bonds | Chase Carlson
I am asking about BENF (Beneficient) or any company really.
But I do agree with you.
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Old 10-23-2023, 12:40 PM
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blueash blueash is offline
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The generic answer to your question is available from Mr Google, not to be confused with his brother Dr. Google

HERE
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Last edited by blueash; 10-23-2023 at 12:49 PM.
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Old 10-23-2023, 02:19 PM
Babubhat Babubhat is offline
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Reverse split, raise capital or risk delisting depending on stock exchange rules. Look how many times AMC has been revived
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stock, $1.00, gwg, company, good


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