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It isn't too far of a stretch to imagine the stock getting delisted soon due to being priced under a dollar a share.
I think it is a market declaration of how worthless Citigroup and its kin truly are. Yes, most stock prices have dropped horribly in price over the months, but one thing the Bush Depression has given us, is a clear view of what is valuable and what is not. Apple and Google are still priced well over $1 per share. Clearly companies that structured their business models around neo-con fantasies aren't even worth the price of a movie ticket.