Molycorp.Inc. (fka MCPIQ)

[Curt D]

I saw that too. If you read further, it states the vote on the reverse split is on June 25th. They have 1 year to perform the reverse split IF needed to regain compliance with the NYSE. That's if the board approves a reverse split.

However, the great part about this is that the company commented that it would be detrimental to the company to allow delisting from the NYSE. To me, that says that they are not planning to do a Chapter 11 to restructure their debt, considering that Chapter 11 would automatically delist them to the OTC.