World Poker Tour Stock Too Low for NASDAQ
by Jake Gosselin | August 20th, 2008
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| World Poker Tour Enterprises stocks took a bad beat. |
World Poker Tour Enterprises recently shared some disheartening news with its investors. Even more disheartening than the fact that their shares are trading at $0.81 each is that they may not be trading at all in the near future. Apparently since their stock has been trading at less than $1 for more than 30 days it is in danger of losing its listing.
A NASDAQ Staff Determination Letter was sent to World Poker Tour Enterprises on Aug. 14 stating that if their stock wasn’t brought up above $1 for 10 consecutive days within the next 180 days, they would be delisted from the stock exchange.
Being delisted would leave the World Poker Tour to trade Over the Counter (OTC) which, as we’ve been told by those who know better than us, ain’t too good. OTC stocks are viewed as having a bad risk verse reward ratio. A bad bet, if you will.
When World Poker Tour Enterprises went public on Aug. 10, 2004 shares were worth $9.15. That same day it closed at $6.86.
Playing the stock market is like playing poker, it’s gambling with skill involved. But you know what the difference is? Poker is way more fun.
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I enjoy investing ( Etrade Customer) but as an average poker player (Bodog member) I can honestly say that the reward to risk factor in poker is much greater and way more secure. As a long and short term investor the amount of money invested monthly compared 2 tourney and cash game buy-ins @Bodog and live casino games has brought me a much greater retun short and long term So I have to agree both require skill and decision making but the Fun and entertainment factor between Poker and Stock Trading is A no decision which do you choose