Not that they have much value to begin with. The parent company of Gay.com, The Advocate and Out magazine was the first gay-oriented company to go public in 2004. Although stocks reached as high as $14 a share shortly after their IPO, stock value has steadily declined since. They issued a reverse 10-to-1 split to avoid being delisted when their stock price dropped below $1 a share in 2007. As of today, the stock is currently trading at 2.65 a share, which, taking into account the reverse split, amounts to about $0.26 a share.
Stock price and market cap may be the least of their problems, however. Last week, mutual fund Vanguard dumped all their remaining holdings in the company, and in July, they announced that they had accumulated a debt of nearly nearly $100 million.
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We’re all dying a slow death, it’s called living.
lowel selvin, their former CEO and is also dying a slow death