Struggling ASCMA / Brinks Home Security Gets Stock Delisting Warning

By Dan Gelinas, Published Jan 08, 2019, 09:28am EST

Struggling Ascent Capital Group (NASDAQ: ASCMA) has disclosed a warning from NASDAQ that ASCMA faced delisting unless they reverse their downward trend.

Based on the financial report we look at:

  • Specifics of the financial report
  • What this means for Ascent
  • What this means for the industry

Specifics ** *** *-*

****-* ******* ************ ******** ** *** end ** ******** ** Friday, ******* *** **** effectively ****** *** ****. The ******** ******* **** Ascent ******* ***** ******** two ******* **** ******, the ***** * ***** prior ** ******** **, 2018. **** ****** ****** Ascent **** *** ****** cap *** ****** ***** the ******** $** ******* minimum *** *******, *** had ******** ***** *** 30 *********** ****, ** seen ** *** ********* excerpt:

*** ****** ****** *** received * **** ***** to *** ****** ** the *-* ** ******, December **, ****. *** letter ****** **** ****** again ***** ********* **** NASDAQ *** ** *** continued **** *********** ** ASCMA ***** ***** (********** for ** ***** ** days), ** **** ** the ******* **** *** 8-K *****:

*** ********** ***** ***** ASCMA's *********** *** *** 30 **** ****** ******** 28, ****:

*** *-* **** ** the **** **** ***** now ****** **** * probationary ****** ** * months (*** ****) ****** which ** **** ** two ******: (*) *** its ******* ***** ***** up ***** $* *** a ****** ** ** consecutive ****, (*) *** its ****** *** ** to $** *******, ** seen ** *** ******** below:

What **** ***** *** ******

**** ******* *** ** Brinks **** ******** *** input ** **** ***** plan *** ** *** and ****** ****** *** was **** *** *** no ******* ** **** time.

***** ** **** *********** and ******'********* ****, ***** ******** and ********** *********, **** **** *********** challenges ******* **** $* per *****, ***** ** a******* ***** *****.

*******, * ****** ********* getting ** *** $** million ******* ********* ******** for ********* *******. ****** this ****** ********* ** simple *** * ******* with ~$*** ******* ****** revenue, *** *******'* ***** is ****** ** **** ~$6 *******, ********* *** stock ***** ** ****** triple ** *** ***** half ** **** ****. It ** ******** *** the ******* ***** ****** need ** ********** ******** **** *** lenders.

******** ******** ************* ************* ****** ****** ** figure *** * ***** path ** ****** *** well-known ******:

********* * ****** ******* is ** ******. ****’* issues *** ** ******, being ****** *** ****** an ***** **** **** just ********* **. **’* just **** **** ****** are ****** ***** ****** the *******, ** ********* publicly *** *** **** need * **** ** increasing ***** ***** ** order ** **** ** the ****** *** ***** moving ** *** **** sheets.

*****'* ***** ***** ** in *** ** ***** range ** * ****** stock ***** ******* ***** shows:

*******, ** **** ** the *** *****, *** company's ****** *** ** down **** ***** ** sat **********, ******** **%+ over *** **** *** months:

**** ******** ******** **** likely ** **** ** turn ******.

What **** ***** *** *** ********

********* **** **** ***** this *** ** ******** outcome *** *** ********** company, *** ****** ** delisting *** *** * bad **** *** *** industry, ** *******.

********* **** **** * company's ***** *********** ** not *********** ********** ** how **** * *** the ******* *** ***** and **** *** ** an *******:

**’* * ****** **** we **** **** ****** others ** *** ****. I’ve *** **** ********** a *** ***** ** my ******. **’* ********** tough **** *** ******* are ** *******. **** a **** ** ***. Tim *** *** **** were ***** * **** good *** *********** **** their ****. *** **** a **** ** ***** stock. ** ** ********** their ***** ***** ** not * ****** ********** of ***** ********.

****** *** *** ** a ****** ********** ** progress *** **** *** a **** ****** ****** and ***** ********** ** problems **** ********* ****. ASCMA's ********** ******** ** mount.

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