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naturalborninvestor

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naturalborninvestor

Re: coachp post# 8385

Friday, 07/06/2018 6:28:18 PM

Friday, July 06, 2018 6:28:18 PM

Post# of 12668
No, there is a minimum bid price requirement of $1 on Nasdaq (for at least 10 trading days). Companies have 6 months following the decline below $1 to regain compliance, and they can apply for another 6-month extension on company request. So, by October, either price is above $1, company applies for and is granted an extension, does a reverse split or goes OTC.
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