There is a delisting risk because of the Class Action lawsuit which seeks to recover damages for Canaan investors under the federal securities laws. Canaan Sued Over Alleged ‘Fake’ $150 million deal between Grandshores one month before the IPO. There is a lot of uncertainty which causes the stock price go lower.
isn't that like old news back in march?
do you happen to know the result of the lawsuit?
rgptk
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@WallstreetDon, lawsuit is going forward. However you can not find any single word about the lawsuit at Canaan company website. This gives me an idea about the transparency of the company.
You can chech the status of the lawsuit at Rosen Legal Law Firm website.
do you happen to know the result of the lawsuit?