NanoViricides Inc. (NNVC)

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Banishment to Pink-Sheet Land

One risk for NNVC from a declining stock price is removal from the New York/AMEX Small cap board. With market Cap now below 100 million a decline in price below 1.00 could trigger a review by the listing committee and being put on a watch-list.

It's been sometime since I worked on the AMEX floor - this was prior to the merger with the NYSE to form the small cap board. So the rules may have changed. There was a listing committee charged with the job of determining if candidates wanting listing met the criteria for initial listing. This minimum price requirement was the reason for the reverse split ( 1 for 3.5) undertaken by NNVC several years ago.

The requirements for getting listed are more stringent than for remaining listed, but there are indeed requirements to remain listed.
You can check them out here

http://venturelawcorp.com/nyse-mkt-listing-requirements/

When a stock loses its listing it means banishment to the pink-sheets. That changes a lot for a company and not in a good way. I believe NNVC understands this and will do everything they can to prevent it - even if it means buying by insiders.

New capital raises by a pink-sheet company are next to impossible on reasonable terms.

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