CL
Whether it was NSM or Infineon is not important, I think the expectation was for real premium service revenue which would generate funds. Basic service revenue at even $1 times 200,000 units wouldn't really address much. The point being that this rollout is a Q4 start instead of Q3 and any resulting rampup is pushed out.
I think there must be more to the public company explanation - remember they could have a strong relationship with the business side of a SP but the investment side may need to be evaluated somewhat indepndently at least initially. And perhaps the financial condition didn't meet their criteria?? But then again the business side should be able to have some input I think.
This delisting question is being tossed around a lot. When the first summaries appeared, the target was over $1 - there was a parenthetical that said under certain circumstances Nasdaq might require a 10 day period. While I agree it is designed to avaoid manipulation, I saw a few jump to the 10 day as if that was the primary rule. Also while the prior run up may have been a "delisting avoidance" rally, it might have succeeded for the moment.