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I checked the Nasdaq non-compliant list this morning and Sonus is not on the list (that's a good thing). Below was taken from their listing requirements.
Companies listed on NASDAQ are required to maintain a minimum closing bid price of $1.00 per share. If a company trades for 30 consecutive business days below the applicable minimum closing bid price requirement, NASDAQ will send a deficiency notice to the company, advising that it has been afforded a "compliance period" of 180 calendar days to regain compliance with the applicable requirements.
Thereafter, Capital Market companies can receive an additional 180-day compliance period if they meet all initial inclusion requirements for the Capital Market, except for the bid price requirement. If a Global Select Market or Global Market company is unable to comply with the bid price requirement prior to the expiration of its 180-day compliance period, it may transfer to The NASDAQ Capital Market, so as to take advantage of the additional compliance period offered on that market, provided it meets all requirements for initial listing on The NASDAQ Capital Market, except for the bid price requirement. If the company does not demonstrate compliance within the compliance period, it will be issued a delisting letter, which it may appeal at that time. See Hearings Process for additional information.
To demonstrate compliance with the bid price requirement, a company must maintain compliance for a minimum of 10 consecutive business days.
Although an automated computer system tracks each company's bid price on a daily basis, it is suggested that the company contact its Listing Qualifications analyst when it believes compliance has been achieved. NASDAQ will provide all compliance determinations, in writing, to the company.
Under certain circumstances, to ensure that the company can sustain long-term compliance, NASDAQ may require the closing bid price to equal or to exceed the $1.00 minimum bid price requirement for more than 10 consecutive business days before determining that a company complies. In determining whether to look beyond the 10 days, NASDAQ will consider, but is not limited to, the following factors:
Margin of compliance (the amount by which the price is above the $1.00 minimum standard);
Trading volume (a lack of trading volume may indicate a lack of bona fide market interest in the security at the posted bid price);
The market maker montage (e.g., if only one of eight market makers is quoting at or above the minimum bid price and the quote is only for 100 shares, then added scrutiny may be appropriate); and
The trend of the stock price (is it up or down?).
It's hard for me to believe that Sonus would be so stupid to keep all their eggs in one basket so to speak. Company has been around too long........even I know to diversify. I'm going to hold and wait this one out, next PR may give us some direction.
We may have to start a cheering section to help move it along. LOL!
I figure since the PPS is so low, we'll all be left with zero after the RS. At least we won't be bag holders any longer. LOL
Agree........
Hey Zen_Audio, not sure where a good entry point would be right now...could see the 50's. Real unstable right now, but could be good for a few short plays along the way. I've watched this thing closely over the last few days and seems to be leveling.
Thanks for the reply scstocks.
Not sure at this point where Sonus is going, but I'm going to stick around for awhile. I threw some cash at this one because I believe it will recover IMO......sell-offs are slowing and time will tell, Glad your green, GLTY
Well, I guess I'll be the only one here for awhile.
Is this a repeat of October 2000? If so, glad I'm in. May have to hold for a few months but may be well worth the wait. I'm staying long on this one. GLTA
I jump in this morning.........looks like it's about bottomed out. No place to go but back up... me hopes.......
3 the Intimidator, here is an Ihub site that will help you with images or charts.
http://www.investorshub.com/boards/faqh2post.asp
Morning all.....
Wish everyone a green week.........
I'm done throwing money at this thing.
Not trying to bash the stock, just want to see a turn in the right direction.
That makes two of us........
Been in ATLJ for about a month now.
Glad to see it wake up.
Lets hope XTMS will follow......something gotta give real soon or I'll have to go back selling on Ebay. LOL
Let's go..........
I even have a boat....LOL
Morning all..
I would even wear the XTMS T-shirt if it would help get the PPS up. lol
Don't feel bad...........
I got in at .012.......it takes all I've got to keep from saying how I feel, a real test of inner strength, let me tell ya. I don't know what it's going to take to move XTMS out of the toilet.
After you’ve been here for awhile, one becomes familiar with the locals. I’m always suspicious of an unknown who steps out of the shadows and starts bashing the stock.
LOL, I’ll take one…..
Maybe I can get the wife to wear one too. LOL
Updated XTMS board looks great!!
I'm starting to wonder if have a few of these on this board.
Good post hotdog...........
OK luvtradin1, gonna' sit back and watch.
Several are getting tired of hanging on and are leaving. Myself, I will continue to hold because I still believe the company is solid.....we just need some kind of turn around here. IMO
We'll don't leave us hanging, tell us the news!
I'll take anything right now.
Agree........
Could be some things we don't even know about or suspect.
Some may disagree, but one hell of a buy opp.
Won't be here long. I may have to start flipping this thing to recoup my lose. Incoming!!
Having been here since .012..
Finally broke down and went to the sporting goods store.
I bought a tent and a case of beans. Have a feeling I'll be camped here for awhile. LoL
Yep..my portfolio is florescent red..LOL
All the markets seem to be down right now.
Shorts, it will turn and I'll be here to see it.
Holding tight to mine for now. LOL
Yep, lots of ticks, chiggers and fleas to go around. Didn't get cold enough last winter to kill em'. LOL
He He, sorry for just now responding Outlawbabe.
Gotta take advantage of the great spring weather.
Been gettin' out on the water and catching lots of fish. LOL
Yep, not just XTMS, everything I have is red.
Haven't seen green for some time. Spoke with some others playing other pennies, they are red also. Everything down right now I guess.
Gonna have to go fishing to pass some time. Nice weather here in Arkansas, 75 degrees, water temp 59 degrees, the bite is on brother. LOL
Morning Peck...........
Sorry for just now responding, been out taking care of some spring obligations. XTMS still down...may need a dose of Viagra..LOL
Morning all.........
Something needs to break here..don't mean to sound negative, but sure am getting tired of this crap.
In a little over a week...
we have picked up about 48 more boardmarks.
XTMS becoming a popular stock....lol!!
Morning all........
We see green today??????
I'm with ya!!
Fire up the sand cars vrrooooom vrroooom and we'll run over their azzzzz.!!
Holding mine tight, don't care what other's say..
Make my own mind up, if I lose, it's my fault. If I win, that's my fault too!!
Morning all...
Hope to see a turn around today..tired of red, lets go XTMS!!
Gonna have to rally the troops..
It’s criminal.
I say letz build a gallows’ for da MM’s..lol