Long read in the last report but from just one paragraph this tells me we are about to meet a nice run. Nobody would invest in this after this one paragraph without some positive reassurance that it will not happen. the public offering is in blocks of 4.1 million shares about a million dollars. That is a lot of money to invest on a hope.
Our common stock is listed on the Nasdaq Capital Market, which imposes, among other requirements a minimum bid requirement. Our common stock traded for less than $1.00 for 30 consecutive trading days, and we received notice of this from the Listing Qualifications Staff of The Nasdaq Stock Market LLC on May 22, 2019. Under Nasdaq Listing Rule 5810(c)(3)(A), we were granted a 180 calendar day grace period, or until November 18, 2019, to regain compliance with the minimum bid price requirement. The minimum bid price requirement will be met if our common stock has a minimum closing bid price of at least $1.00 per share for a minimum of 10 consecutive business days during the 180 calendar day grace period. If we do not regain compliance with the Rule by November 18, 2019 but we meet the Nasdaq Capital Market initial inclusion criteria set forth in Nasdaq Listing Rule 5505, except for the minimum $1.00 per share bid price requirement, we will be granted an additional 180-calendar day compliance period. If we do not regain compliance with the Rule by November 18, 2019 and are not eligible for an additional compliance period at that time, the Nasdaq staff will provide written notification to us that our common stock will be delisted. At that time, we may appeal the Nasdaq staff's delisting determination to a Nasdaq Listing Qualifications Panel
Buckle up.
