Thursday, June 10, 2021 4:10:05 PM
the stock must trade for at least $0.01 on ONLY ONE DAY out of 30 trading days (ie It can be under a penny for 29 days straight, but if it is at a penny or more on the 30th day, then you stay on QB and only need another 1 penny day in the next 30 days.
So, if the application has already been submitted, this can go below a penny for the next 29 days and it makes no difference to the QB status. (If no application though, it needs to be at least a penny for 30 days before submitting the application.)
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