You are just guessing - we have no idea when the halt will end. The whole thing is ridiculous. Why on earth did the bastards lift the halt only to put one back on 2 weeks later. What possibly could have changed in 2 weeks - it appears they just did it b/c of the heavy trading and wild price swings, but the T12 is not meant to be used in that manner. I hope the company issues a harsh PR against the Nasdaq - the Nasdaq should be held accountable by someone for this Mickey Mouse BS - they obviously dropped the ball. This is more pathetic than the OTC. In theory, they must really be requesting some additional information that presumably relates to a matter that arose since the last halt, in which case the company should be able to respond quickly - they should be experts in dealing with T12 requests by now, and this one can't relate to much of anything given the small time period.
I agree with your speculation that the hearing will occur before the halt is lifted, but we are just guessing. It seems NEWL will have a hard time meeting the $50M market cap requirement, so it will be headed to the OTC at some point. I would think that it will first trade on the Nasdaq for a bit again- the delisting process takes time. Hopefully the company puts out some BS PR trying to fight for the $50M market cap target - they obviously want to stay on the Nasdaq with all the damn R/Ss.
Whoever loves money never has money enough; whoever loves wealth is never satisfied with his income. I have seen all the things that are done under the sun; all of them are meaningless, a chasing after the wind. Only trade for the sake of trading.
