GulfSlope Energy Inc (GSPE)

[Tbags7]

Anyone care to translate the implications of this statement? First I have heard of this happening to a stock.

“GulfSlope has received notification from the OTC Markets Group that the Company's closing bid price no longer meets the Standards for Continued Eligibility for OTCQB. GulfSlope has until November 23, 2020, to cure the bid price deficiency. In the event that GulfSlope is unable to cure this deficiency, then the Company anticipates its stock would be subsequently quoted on the OTC Pink Open Market.”