FuelCell Energy Inc (FCEL)

[Trading4it]

lightrock, you are overlooking one important aspect of maintaining their listing and you are reading something into the notification letter that isn't there.

1st) Not only do they need to get pps back to >=$1.00/sh but they must maintain pps>=$1.00/sh for 10 consecutive days prior to May 28th.

2nd) They have not been put on notice for deficiency of mkt cap (being below $50M) now that's not to say the clock isnt ticking for said notification to be issued but as of today no notification has been issued. If and when that notice is issued they will have 180 days to remedy.

As far as your pointing out the inclusion of the word "and" in the $1.00/sh non-compliance letter. Yes it takes two steps to obtain an additional 180 day extension both of which are communicated via the application for extension process.