Comstock Inc (LODE)

[TMLonggun]

The AMEX doesn't even exist anymore so I am not sure how up to date you are. In a normal debate/ civil discussion instead of just insisting you're right a rational person would post proof, evidence, links etc to bolster their argument. I am aware that the NYSE:MKT and NYSE are different entities but they both have similar listing requirements in regards to share-price.

Lode is on the NYSE MKT and as I have linked before they are listed under section 101 c and must meet their original listing requirements just like every other company on the exchange. The argument that lode doesn't have to meet the standards does not make sense to me.

NYSE AMEX has no specific time period/share price for a security.

Source please. What is the point of having standards or requirements in the first place if they don't matter?

101(c) INITIAL LISTING STANDARD 3 (from NYSE MKT's guide)
(1) Size—Stockholders' equity of at least $4,000,000. check
(2) Total Value of Market Capitalization—$50,000,000. check
(3) Aggregate Market Value of Publicly Held Shares—$15,000,000. check
(4) Distribution (shareholders)—See Section 102(a). check
(5) Stock Price/Market Value of Shares Publicly Held—See Section 102(b). no check

Section 102b of NYSE MKT regulations states:
(b) Stock Price/Market Value of Shares Publicly Held—The Exchange requires a minimum market price of $3 per share for applicants seeking to qualify for listing pursuant to Section 101 (a), (b) or (d), a minimum market price of $2 per share for applicants seeking to qualify for listing pursuant to Section 101(c), and $3,000,000 aggregate market value of publicly held shares for applicants seeking to qualify for listing pursuant to Section 101(a).

The $2 target makes sense, that is why they did the reverse split for 200/1 and not some other random number.

SUSPENSION AND DELISTING POLICIES (§§1001-1006)

Sec. 1002. POLICIES WITH RESPECT TO CONTINUED LISTING
The Rules of the Exchange provides that the Board of Directors may, in its discretion, at any time, and without notice, suspend dealings in, or may remove any security from, listing or unlisted trading privileges.
The Exchange, as a matter of policy, will consider the suspension of trading in, or removal from listing or unlisted trading of, any security when, in the opinion of the Exchange:

(a) the financial condition and/or operating results of the issuer appear to be unsatisfactory; or
(b) it appears that the extent of public distribution or the aggregate market value of the security has become so reduced as to make further dealings on the Exchange inadvisable; or
(c) the issuer has sold or otherwise disposed of its principal operating assets, or has ceased to be an operating company; or
(d) the issuer has failed to comply with its listing agreements with the Exchange; or
(e) any other event shall occur or any condition shall exist which makes further dealings on the Exchange unwarranted. (See §127)

If I am wrong I'll admit I was wrong and apologize but this question should be answered in a non ridiculous fashion.

Is lode in danger of delisting? Yes/no -> proof -> end of discussion.

If the NYSE MKT's own guide (or my reading of it) is wrong please direct shareholders to where your research uncovered the truth and set the record straight.