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Re: Wild-bill post# 28416

Wednesday, 02/07/2018 12:24:06 PM

Wednesday, February 07, 2018 12:24:06 PM

Post# of 29204
Just for reference- Until this one is resolved....

Current status on compliance dates / and info on potential reverse split.

From the most recent filing

https://www.sec.gov/Archives/edgar/data/1009759/000155837018000392/cpst-20171231x10q.htm

Our common stock is listed on the Nasdaq Capital Market. In order to maintain that listing, we must satisfy minimum financial and other requirements. On December 12, 2016, we received a notice from the Listing Qualifications Department of the Nasdaq Stock Market (“Nasdaq”) stating that, for 30 consecutive business days preceding the notice date, the closing bid price for our common stock had been below the minimum $1.00 per share requirement for continued listing on the Nasdaq Capital Market as set forth in Nasdaq Listing Rule 5550(a)(2). On June 13, 2017 we were afforded an additional 180-day grace period to regain compliance with the minimum bid price requirement. On October 26, 2017 we regained compliance with the minimum bid price requirement.


On December 18, 2017, we received a notice from the Nasdaq stating that, for the last 30 consecutive business days, the closing bid price for our common stock had been below the minimum $1.00 per share requirement for continued listing on the Nasdaq Capital Market as set forth in Nasdaq Listing Rule 5550(a)(2). In accordance with Nasdaq Listing Rule 5810(c)(3)(A), the Company has been provided 180 calendar days, or until June 18, 2018, to regain compliance with the minimum bid price requirement. In order to regain compliance, the bid price of our common stock must close at $1.00 per share or more for a minimum of ten consecutive business days, at which time Nasdaq would provide written confirmation of our compliance. If we are not in compliance by June 18, 2018, we may be afforded a second 180 calendar day period to regain compliance. We will monitor the closing bid price of our common stock and will consider various possible options if it does not appear that we will return to compliance, including a reverse stock split which the stockholders had approved at the 2017 Annual Meeting and can be effected within twelve months of the annual meeting.



The Reconvened Meeting regarding the reverse split vote was held on September 18, 2017
https://www.sec.gov/Archives/edgar/data/1009759/000155837017007147/f8-ka.htm

Which takes us to 9-18-18 as the latest date in which they can enact a reverse split should they choose to.

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