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Re: jb128 post# 14422

Thursday, 08/13/2020 6:32:15 PM

Thursday, August 13, 2020 6:32:15 PM

Post# of 43360
I didn't see any language in terms of how many days in a row that companies need to maintain a minimum closing price of $3.00.

See page 10 of The NASDAQ Listing Standards.

https://listingcenter.nasdaq.com/assets/initialguide.pdf

Keep in mind that what I have said about this is my opinion of what I have read. There's a smart guy on Twitter that thinks we qualify for the "Market Value of Listed Securities" standard, with a minimum closing price of $2.00. I don't agree with that. That Standard requires "* Currently traded companies qualifying solely under the Market Value Standard must meet the $50 million Market Value of Listed Securities and the applicable bid price requirement for 90 consecutive trading days before applying." The bid price requirement is $4.00. We have not traded higher than $4.00 over the last 90 days.
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