05-03-2026, 11:58 PM
Uhh, yeah, so my company's financials are not so great...
After two reverse stock splits, with my share value at two cents per share, I got de-listed.
With cash dwindling, debts high, and no financial institutions willing to lend me money, I thought I had about as much of a chance of surviving as Spirit Airlines did on Friday evening. With no other options, I pressed the IPO button again, and... was able to find new investors!
It didn't raise a lot of money, but I quickly followed up by selling the remaining 75% of the company, raising a few tens of thousands of precious greenbacks.
I don't really consider it a bug since what are the odds that a player company gets de-listed before it goes bankrupt, anyway? I didn't think that was possible until it happened; always before, I'd run out of cash and been liquidated first. But in this case I had managed to staunch the cashflow bleed by closing everything (while still having a 20-to-1 debt-to-assets ratio, and thus highly negative equity), and that managed to do it.
I'm curious if anyone else has managed to get de-listed?
I managed to do the same thing again after being de-listed a few months later, but the third time was told that an IPO would raise approximately $0, and was thus unable to issue one. I guess the investors wised up on the prospects for my company...
After two reverse stock splits, with my share value at two cents per share, I got de-listed.
With cash dwindling, debts high, and no financial institutions willing to lend me money, I thought I had about as much of a chance of surviving as Spirit Airlines did on Friday evening. With no other options, I pressed the IPO button again, and... was able to find new investors!
It didn't raise a lot of money, but I quickly followed up by selling the remaining 75% of the company, raising a few tens of thousands of precious greenbacks.
I don't really consider it a bug since what are the odds that a player company gets de-listed before it goes bankrupt, anyway? I didn't think that was possible until it happened; always before, I'd run out of cash and been liquidated first. But in this case I had managed to staunch the cashflow bleed by closing everything (while still having a 20-to-1 debt-to-assets ratio, and thus highly negative equity), and that managed to do it.
I'm curious if anyone else has managed to get de-listed?
I managed to do the same thing again after being de-listed a few months later, but the third time was told that an IPO would raise approximately $0, and was thus unable to issue one. I guess the investors wised up on the prospects for my company...