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Tuesday, November 21, 2017 12:54:54 PM
1) It's REFRESHING to see that the "The Company intends to monitor the closing bid price of its Common Stock...." (about time)
2) The company with extension has up to 360 days from the notice date to remedy its sub $1.00 trading status.
QUOTE:
"The Notification Letter does not impact the Company’s listing on The Nasdaq Capital Market at this time. The Notification Letter states that the Company has 180 calendar days, or until May 14, 2018, to regain compliance with Nasdaq Listing Rule 5550(a)(2). To regain compliance, the bid price of the Company’s Common Stock must have a closing bid price of at least $1.00 per share for a minimum of ten (10) consecutive business days. If the Company does not regain compliance by May 14, 2018, an additional 180 days may be granted to regain compliance, so long as the Company meets the continued listing requirement for market value of publicly held shares and all other initial listing standards for The Nasdaq Capital Market initial listing criteria (except for the bid price requirement) and notifies Nasdaq in writing of its intention to cure the deficiency during the second compliance period. For instance, the Company could cure the deficiency, either now or during any such second compliance period, through a reverse stock split. The Company is currently focused on regaining compliance by focusing on its primary strategic initiative of identifying and consummating an accretive acquisition transaction; however, the Company may seek to effect a reverse stock split in the future in order to achieve compliance with Nasdaq listing rules. If the Company does not regain compliance within the allotted compliance period(s), certain further procedures may also be available to the Company.
The Company intends to monitor the closing bid price of its Common Stock and may, if appropriate, consider implementing available options to regain compliance with the minimum bid price requirement under the NASDAQ Listing Rules. "
http://secfilings.nasdaq.com/filingFrameset.asp?FilingID=12389275&RcvdDate=11%2F17%2F2017&CoName=WMIH+CORP.&FormType=8-K&View=html
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