Alto Ingredients Inc (ALTO)

[Dutch1]

The previous reverse split (1:15) by PEIX was on may 14th 2013.

On June 6, 2012, the company was informed by the NASDAQ Stock Exchange that it was not compliant with the minimum closing bid rule and was given a period of 180 days to regain compliance.
In December they did get a 180 days extension.
On April 25th 2012 it was the last time they closed above $1. So it took about 42 business days for Nasdaq to send them the notice.

It now is 38 days ago, that they where compliant.
So if PEIX goes the same path as they did back then, they had 384 days after it closed below $1. They have consumed 38 days of that which makes it 346 day until the RS if they ask for an extension again.

The vote for the RS was on may 10th. Which makes it 342 day's for them to get above $1

It gives them some time, but they really have to make the best out of it.

Source for most of the data: https://renewablesnow.com/news/pacific-ethanol-gives-shareholders-more-time-to-vote-on-reverse-stock-split-350534/