Ascena Retail Group Inc fka ASNAQ

[tdeck]

Glad they did that, was a necessary move to protect the stock, but, won't be needed plenty of time. Had to be put forward and voted on.


Down in the details is this plain as day, many vote and never need it.

More than enough time but a prudent move none the less to have it there, in case, though i cannot understand why they would need it. But, then again this was put together long before the stock started appreciating.

Our Board has determined that it is in the best interests of the Company and its stockholders to maintain the listing of Ascena common stock on Nasdaq. We may not be able to regain compliance with the Bid Price Rule unless we effect the Reverse Stock Split. ""Our Board recommends approval of the proposed Reverse Stock Split Amendment so that the Reverse Stock Split may be implemented to the extent necessary to maintain the listing of our common stock on The Nasdaq Global Select Market.""