Saturday, July 22, 2017 10:49:43 AM
Proxy must be filed before appeal hearing to buy time (180 days more)...plenty of time to wrap up the BO process.
https://listingcenter.nasdaq.com/Material_Search.aspx?cid=1&mcd=CD
They must show the committee the intent to fix the $1 issue (hence the voting to R/S is part of the game) similar to asking for mercy before sentencing by the judge in court:
Think of "Character Letter of Support to a Judge" to beg for mercy:
http://www.brodenmickelsen.com/blog/character-letter-of-support-to-judge/
So when appeal hearing is actually happen 2 scenarios:
The $1 issue already fixed (If BO news before August 1st)
or
The appeal will be heard in the middle of tender off period & grant more days to stay listed until the tender off period is done, then they will voluntarily remove the listing. (If BO news after August 1st)
SAFE NET!!!
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