Well... it finally happened. Sprint
S
TMUS
is now on everyone's list of penny stocks after this week. Shares dropped below $5 on Thursday and firmly closed near its low of the day on Friday. Next week will be interesting to see closing arguments to the opposition so this could either be a blowout or a blow-up.
"On Friday, a Washington, D.C. federal court set January 24 as the deadline for briefs in its Tunney Act proceeding. According to its definition, the Tunney Act, 'requires federal courts to review each consent decree in civil antitrust cases filed by the DOJ to ensure that the remedy proposed in the consent is in the public interest.'
Two US agencies already rubber-stamped the deal but the multiple state attorneys general in several states have gone against the grain. Closing arguments in these lawsuits are scheduled for Wednesday. If the states win, the Tunney review is basically a wash. However, if the companies come up with a “W,” there could be a chance the two respective executive teams will work towards swift close to the transaction."
SOURCE: pennystocks.com...anuary-10-2020/?fbclid=IwA...
S
TMUS
is now on everyone's list of penny stocks after this week. Shares dropped below $5 on Thursday and firmly closed near its low of the day on Friday. Next week will be interesting to see closing arguments to the opposition so this could either be a blowout or a blow-up. "On Friday, a Washington, D.C. federal court set January 24 as the deadline for briefs in its Tunney Act proceeding. According to its definition, the Tunney Act, 'requires federal courts to review each consent decree in civil antitrust cases filed by the DOJ to ensure that the remedy proposed in the consent is in the public interest.'
Two US agencies already rubber-stamped the deal but the multiple state attorneys general in several states have gone against the grain. Closing arguments in these lawsuits are scheduled for Wednesday. If the states win, the Tunney review is basically a wash. However, if the companies come up with a “W,” there could be a chance the two respective executive teams will work towards swift close to the transaction."
SOURCE: pennystocks.com...anuary-10-2020/?fbclid=IwA...
