Monday, July 16, 2007

TRID Delisting Postponed, Price continues to collapse

TRID is not getting delisted at this time.
Possible reasons are
1. TRID provided evidence that they were definitively prepared to resolve
2. NASD would set a dangerous precedent

TRID seems to be doing one of 2 things: timing their announcement or calling the NASD bluff. I'd like to think that TRID wants to resolve this at their quarterly earnings release.
At the same time, they could just be playing on the NASD reluctance to delist. There are plenty of other companies in exactly the same situation and once NASD starts, it will be difficult to stop.

I am waiting and hoping that I am not throwing away money

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