SMCI has received a non-compliance letter from Nasdaq due to a delay in filing its Form 10-K for the period ending June 30, 2024. They have 60 days to file the form or submit a compliance plan, which, if accepted, could give them up to 180 days to regain compliance. The notice doesn’t affect the stock’s trading for now, but if compliance isn’t met, Nasdaq could take further action.
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Posted by BreadfruitThen5535
9 Comments
Form 10-K is their annual financial statements – arguably the single most important piece of information for investors. If they are withholding / delaying that, they are either highly incompetent or have something to hide / can’t resolve with their auditors.
SMCI holders are fucked, big puts.
Was this letter presented to them today? It’s been a known fact that they were late with their 10K but their stock didn’t get affected much. I’m not following them too closely but I remember somebody saying that they were supposed to finally file it next week. But I agree, puts on them might be a good idea… Expiration 2-3 weeks out
All I’m hearing is buy puts
Im holding. I like the CEO and the company. Especially with the entire world upgrading their data systems.
Uh oh…
Anyone buying puts now is going to learn a painful lesson in the meaning of priced in
This stock defies gravity guys. It has not correlated with qqq or Soxx in sometime now
Old news
This is why it tanked
wish i kept those 350 puts