Wed, 2008/12/03 - 6:38pm
It may just be a matter time before AERO is delisted from the NASDAQ and relegated to the pink sheets, a place few companies come back from. They're appealing but in this market they may be putting off the inevitable. Last sale today was down 28% at $0.50 after hitting a 52 week low of $0.41 on fairly heavy trading. 52 week high was $6.75....
AeroGrow Receives Nasdaq Staff Determination Letter
* Company Plans to Request Appeal Hearing
Boulder, CO - December 03, 2008 - AeroGrow International, Inc. (NASDAQ:AERO [links to finance.yahoo.com/q?s=aero] - News [links to finance.yahoo.com/q/h?s=aero]) ("AeroGrow" or the "Company"), makers of the AeroGarden® line of indoor gardening products, announced that it has received a Nasdaq Staff Determination letter, dated November 26, 2008, indicating that the Company has not regained compliance with Marketplace Rule 4310(c)(3) and that its shares are subject to delisting. Unless the Company appeals the determination, the Company's securities will be suspended at the opening of business on December 5, 2008, and a Form 25-NSE will be filed with the Securities and Exchange Commission, which will remove AeroGrow's securities from listing and registration on the Nasdaq Stock Market.
The Company intends to file an appeal by December 3, 2008 and request a hearing before a Nasdaq Listing Qualifications Panel (the "Panel") to review the Staff Determination. Pending the Panel's decision, AeroGrow's shares will continue to trade on the Nasdaq Capital Market. The time and place of such a hearing will be determined by the Panel. There can be no assurance the Panel will grant the Company's request for continued listing.
In the event that the Panel determines to delist the Company's common stock, the Company expects that its common stock will continue to trade on the OTC Bulletin Board electronic quotation system.
As previously reported, on August 11, 2008, AeroGrow received notice from Nasdaq Staff stating that the Company did not comply with Marketplace Rule 4310(c)(3). This rule requires the Company to have a minimum $2.5 million in stockholders' equity, $35 million market capitalization, or $500,000 of net income from continuing operations for the most recently completed fiscal year or two of the three most recently completed fiscal years.
Thu, 2008/12/04 - 12:44am
#2
I think market capitalization is what they entered the market with (IPO) and stockholder equity is what the outstanding stock is worth now.
Just a few months ago I bought some AERO around $1.90 and sold two weeks later at $2.60. It went over $3 within minutes (my normal stock sell/buying luck). I placed a GoodTilCancel order for $2.60 again that I forgot about. It hit $2.60, I suddenly owned 500 shares and it was below $2 within an hour. If I ever offer a stock tip, do the opposite. 
Thu, 2008/12/04 - 1:01am
#3
I gambled once in Vegas. I put $50 in my right pocket. I played nickel and quarter slots. When I left a machine, I put winnings in my left pocket. When the right pocket was empty, I stopped. Actually came out $350 ahead... And still never felt the slightest desire to gamble again. Not my cuppa. 
I invest... But I don't play at it.
Thu, 2008/12/04 - 2:38pm
#4
I did something similar in Vegas on the slot machines (we stayed in the MGM Grand). The thing I liked about that place was that the machines actually paid out. You could keep playing and playing because the slots actually let you win something. Anyhow, to cut a long story short, we were actually up and winning... But, rather than walk away, we put it all back in and, ultimately, lost the lot - the Casino always wins in the end. 
Doesn't matter though, those three days we had there were thoroughly enjoyable - it's somewhere we would like to go back to again.
Thu, 2008/12/04 - 2:51pm
#5
Yes, the key in gambling seems to be walking away. 
I was there for a technical conference. Didn't care much for Vegas but the technical sessions and social life were good.
Thu, 2008/12/04 - 7:37pm
#6
Never been to Vegas, figured my Ob/Comp personality would have me arriving in a $30K car and leaving in a $250K bus. The Indians have a bunch of casinos here and I go maybe once or twice a year, surprisingly enough.
I'm ahead 25% or so at the casinos and down about 60% in the stock market. Texas Hold 'Em, 5 or 7 card stud or blackjack if you do your homework, Reel 'Em In nickel slots, 9 rows, 2 to 5 nickels a row serves me right well.
And walking away is always the best way to go, greed kills you. Win a little, cash out and leave. Works every time.
Fri, 2008/12/19 - 4:31pm
#7
Fri, 2008/12/19 - 4:41pm
#8
Wow, yeah. I hope lorraine and Cliff are alright.
Fri, 2008/12/19 - 5:05pm
#9
Ditto that, they have both offered invaluable advice to me over the course of my AG involvement. From pruning to technical details that have allowed me to alter the way my AG works.
I hope both their jobs are assured, and I hope the unfortunate staff members find employment soon.
Fri, 2008/12/19 - 5:12pm
#10
Agreed - both extremely good at what they do. And not fun for anyone to get a pink slip for Christmas. 
Fri, 2008/12/19 - 6:02pm
#11
I really feel bad for those folks, they work extremely hard and are real assetss but in this market nobody knows what's going to happen. AERO had a huge amount of shares change hands today, over 65,000 and closed up 7.4% at $0.29. Sad, sad story - 52 week high was $6.75, 52 week low was $0.23.
Here's hoping they have a good Christmas and a job to go back to.
Bummer. Well, I imagine a lot of small-caps are in that boat, now, given the way the market plummeted. The more risky (small) a stock is, the harder its value would fall, and of course the small-caps are at the bottom of the NASDAQ range... It is possible given the volume of small-caps falling off the board that the "OTC Bulletin Board" in the coming year could become the mecca of gambling-grade investors.
I'm not a gambling grade investor.
Retirement funds. College savings. The liquid assets needed to remain afloat self-employed. Nope - none suitable for frolicking in the small caps. 
Do you know what it means, $2.5 million in stockholder equity, vs $35 million market capitalization? I would have thought "stockholder equity" and "market capitalization" were the same quanitities?