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https://listingcenter.nasdaqomx.com/Show_Doc.aspx?File=FAQsContinued.html
What is NASDAQ's compliance process for companies failing to meet the $1.00 minimum bid price requirement?
NASDAQ uses the consolidated closing bid price to determine whether a company complies with this requirement. If a company trades for 30 consecutive business days below the $1.00 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 the market value of publicly held shares requirement for continued listing and all other 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 the market value of publicly held shares requirement for continued listing and all other requirements for initial listing on The NASDAQ Capital Market, except for the bid price requirement. In order to be afforded an additional 180-day compliance period a company must also notify Nasdaq of its intent to cure this deficiency. In that regard, companies must provide written notice that they intend to cure the deficiency during the second compliance period by effecting a reverse stock split, if necessary. If a company does not indicate its intent to cure the deficiency, or if it does not appear to Nasdaq that it is possible for the company to cure the deficiency, the company will not be eligible for the second grace period.
In order to achieve compliance with the bid price requirement, a security must maintain a closing $1.00 bid price 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.
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. (Updated: November 17, 2010)
BRG purchased those 250K shares at 1.00. Its obvious where this is going. $1.00 plus very soon.
Ill actually be sad when SAPX is compliant because these cheap prices will be gone forever.
Won't be for much longer. Big things coming.
Yup. This could really go if they would let it. Just a bunch of tards holding it back.
This is worth so much more than a quarter, but you go ahead and keep telling yourself that.
They need to run one more pump on this POS so I can at least sell my bags.
Yup, I have been on board here for quite some time now. I have been through many ups and downs with this company. Im ready to really cash in now.
Reloading today.
Ask looks pretty thin. Any decent buying will propel this easily back into the .002's
Just be wary of that big R/S Mark is gonna hit you with once he hands out the rest of those 5 billion shares.
Loading Zone has again arrived. Time to load SHKZ shares.
There is no dilution or debt conversion as of yet. GO SHKZ.
In that case, I, and others here, are right as well when we say there is no dilution, no toxic financing, etc. The onl reason the pps came back was because people sold their shares. Once we start seeing revenues from the acquisitions rise steadily, these prices will be a thing of the past. Good luck to you as well.
You are right only in your own mind. Stock is down because people sold it. Happens all the time. Hundreds of these pink sheet stocks use gagged TA's. so nothing new there.
Someone needed lunch money or maybe it is the massive dilution someone keeps bringing up.
This company has just as much a chance of making it as any other. It is only your opinion of it having zero chance.
This is great news. Once people start to see the true value here the price will skyrocket. I don't expect it to happen overnight. By this time next year, this stock will be much closer to a buck. Renewable energy is where its at. I added to my core position today.
Yes, and it just recently went up from .001ish to .0045ish. Pretty good move.
Looks like an ascending triangle forming on the chart. Could breakout anytime now. I added a few more shares this week. Its not often I average up, but this chart is setting up nicely.
I also want to send a thank you to the asst mods here. You guys are doing a great job.
And we have folks flipping from .0002 to .0003. Gonna remain stagnant untl we get some updates from the company. JMO.
First off, I dont have to prove anything to you. Secondly I said I keep a couple grand around for lotto plays like this. Never said i put it all into one. I do have almost 2 million shares here. Thanx for your concern.
SHKZ........
Just your opinion.
Exactly, I usually keep a couple grand around for lotto plays like this. I've had some of these pay off huge. My winners well make up for the losers.
Just had a chance to listen to the interview. I tell you, I am excited to be a part of Shkz atm. I fully intend on increasing my holdings here every chance I get.
Nah, I'm sure we will bounce around down here for a bit before we see the pps start to go back upwards. Thanx for the offer though.
Some good news and wee see .002-.003
Lmao. You are kidding right. Pumping, seriously. Yes I can tell by the massive volume this stock is seeing, it is being pumped. Still accumulating here. Keep feeding me those .0002's.
Not crooked MM's doing this. They just filling the orders. Company is selling, frontloaders are selling all into the PR.
You are right, I dont have any shares left. I sold at .003 on the first run thursday. The dilution here is so obvious.
Shouldve known this was going to happen. I seen it coming last week. I expect the PPS to back in the teens here very soon.
Too funny, VNDM wasnt shorting this last week. Its called Dilution.
Agreed. Picked up a starter here today and will add a few more next week.
I am. Thanx
Does it say anywhere they are not? All it says, is that after paying off liabilities 33 million ( give or take ) will be left.
Not many willing to sell for chump change either, LOL
Bid Support
Gotta have the right people in place as well in order to be successful. The mergers are strategic. Im sure James is putting the combination of people and assets together to build a true powerhouse in the industry.
Even 5 minutes of Due Diligence here will tell you it is no scam. I will keep adding to my position here as PPS allows. I always expect folks to sell on news. That is nothing new in penny stocks. the long term here will turn out to be way more profitable than the short term so while I may flip a few shares for short term profits, I continue to build a long term position here.
I see that in almost every financial report I read, lOL. No worries