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Post# of 1990
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Oddjob

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Oddjob

Re: Captain Lithium post# 380

Saturday, 04/22/2017 11:23:07 AM

Saturday, April 22, 2017 11:23:07 AM

Post# of 1990
Hi Captain,

I believe the NASDAQ rule is should the stock be trading for < $1.00 for 30 consecutive trading days then the company receives a formal notice of delisting. Then the company has 180 days to remedy or get the stock price above $1.00 for 30 consecutive days or 30 day window when the average closing price is > $1.00. You can easily Google and find out. If I'm wrong, please correct me.

This is often the impetus for a reverse split which is normally timed around month 5 after a notice has been received.

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