People owning i-mate stock will have learned a lesson in being frustrated in the last months – the stock price has tumbled down to about one British pence due to increasingly bad sales.
According to the Financial Times, the CEO Jim Morrison plans to take over all remaining stock. This will lead to the delisting of i-mate; which means that the stock is no longer tradeable on the Alternative Investment Market.
Farid Hanna, resident expert economist, on the consequences:
While the delisting itself will not do anything to the stocks (which will remain in depots), the delisting kills trading opportunities almost completely.
People owning i-mate stock will then become real shareholders of the company. Their shares can still be bought and sold – but you should be prepared to expect minimal motion as well as next to no volume in sales.
via The Register
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