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Re: None

Friday, 08/17/2018 1:59:40 AM

Friday, August 17, 2018 1:59:40 AM

Post# of 12668
MNGA Reverse Split on or before: Monday, October 8, 2018
That's my prediction, based upon the NASDAQ listing rules; 30 days from March 22, and 170 days from April 21:


"The minimum bid price requirement stems from Section 5550(a)(2) of the Nasdaq's Equity Rules guide. It clearly states: "(a) Continued Listing Requirements for Primary Equity Securities: (2) Minimum bid price of at least $1 per share."

How does it come into effect?

If a company closes below a $1/share bid price for 30 consecutive days, the Nasdaq sends the company a written notice. The notice states that the company is no longer in compliance with its continued listing requirements and has 180 days to regain compliance. Otherwise, the company will face delisting"



Rules info taken from: The Bowser Report NASDAQ price requirements

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