RAIT Financial Trust (fka RASFQ)

[Joe Stocks]

You are reading that wrong. Extensions were more common and easier years ago when they did not give them 6 months to cure. With so many companies falling under a buck after the financial crisis they changed the time frame but pretty much did away with extensions unless your remedy called for a shareholder vote. RAS does not need a shareholder vote to do a reverse split. Only the approval of their board of directors. A shareholder vote would be when the October 5th date would apply. No shareholder vote, no extension. They will do a reverse split unless they are sold. Not a matter of if, but when.