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PennyStockInvestor

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PennyStockInvestor

Re: iwant1mil post# 9549

Monday, 06/02/2014 7:44:56 PM

Monday, June 02, 2014 7:44:56 PM

Post# of 34668
Prepare for Another NEWL Reverse Split

NEWL did NOT meet the $1 minimum requirement for 10 consecutive market days. Weekends do NOT count towards the requirement. NEWL must have a market close of $1 or above for 10 consecutive market days. The company will reverse split again or be downgraded to the OTC. Institutional shareholders will probably DUMP their remaining shares.

https://thebowserreport.com/financial-news/the-nasdaqs-minimum-bid-price-requirement/

If the company closes at or above a $1/share bid price for ten consecutive days, the Nasdaq will inform the company that it has regained compliance, and close the issue.
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