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Yesterday, Twelve Ships, which was designated as a cautionary stock, received a delisting notice today.
The exchange reportedly did not inform them of the criteria and also refused their request for a meeting, which seems questionable.
Twelve Ships claims that from an investor protection standpoint, their treatment is strange, and there is some validity to that argument.
Anyway, today’s delisting notice was not only for Twelve Ships but also simultaneously for Pica, Pixel, and LinkX, so it seems to be a significant move.
I'm also wondering if the exchange's policy suddenly changed.