Sunday, December 23, 2018 3:41:49 AM
Nasdaq has subsequently provided Helios and Matheson sufficient time to file an appeal. If no Appeal, HMNY will be delisted as delisting has been decided. Should Helios file an appeal, Helio buys from 1-45 days to convince Nasdaq that it’s delisiting decision deserves to be reversed. Yet, shrewd Ted has stated that Helios, in its appeal, intends to provide to Nasdaq a plan of how Helios will enact a company stock reverse split, even when Nasdaq has stated reason for its delisting decision was in part because Helios shareholders recently denied a Reverse stock split.
Hooboy. Can’t wait to see what Ted n Company has to provide as their plan to enact a Reverse stock split and meet Nasdaq’s listing requirements. Helios has had sooooooooooo lloooooooonnnnnngggg to get it together, yet blew it, and now they’re stuck with their back against the wall with about 45 days max to come up with a plan to convince Nasdaq it will enact a Reverse split and align its company stock price with Nasdaq listing requirements.
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