Sintx- “The Company remains subject to a “Mandatory Panel Monitor,” as that term is defined in Listing Rule 5815(d)(4)(B), for a period of one year from June 11, 2024. If, within the one-year period, the Company fails to satisfy the minimum $1.00 closing bid price threshold for 30 consecutive business days, Nasdaq will issue a delist determination rather than provide the Company with a grace period to regain compliance with the Bid Price Rule. In that event, the Company would have the opportunity to request a new hearing to address the deficiency.”
Sintx just did a 200-1 reverse split, jumping stock price over 12 bucks. Here we are less then a month later less then 5 bucks a share, and spiraling down. They screwed shareholders big time, now they are running out of money and will have to dilute shareholders and sell more shares, plummeting the share price even more. Question is will Maxim just destroy sintx one last time or will they keep them right at a dollar so they can pump and dump them for a few years while the dilute a steal from shareholders at the same time. Regardless, the end is near for sintx. There’s a reason why CEO resigning, when the lights go off for last time he won’t be there. (Not like he ever was anyways) REST in HELL SINTX