Thursday, June 23, 2022 9:12:18 PM
Read this part from PRE-14A.......as r/s MUST be in there part of their written plan...So it has to be offered in the proxy language since shareholders only vote 1 time a year annual..I am sure ADMP does not want to put it in there but according to Nas requirement is has to be-unless you see something I am missing.Thanks Roll.......
To qualify for additional time, we would be required to meet the continued listing requirement for market value of publicly held shares and all other initial listing standards for The Nasdaq Capital Market, with the exception of the bid price requirement, and would need to provide written notice of a plan to cure the deficiency during the second compliance period, including by effecting a reverse stock split if necessary. If we meet these requirements, Nasdaq would inform us that we have been granted an additional 180 calendar days to regain compliance. However, if it appears to the staff of Nasdaq that we will not be able to cure the deficiency, or if we are otherwise not eligible, the staff would notify us that we will not be granted additional 180 days for compliance and will be subject to delisting at that time. In the event of such notification, we may appeal the staff’s determination to delist our securities, but there can be no assurance that any such appeal would be successful.
So straight from their Filing.......In 2020 a r/s was voted down.Tutes own around 14/15 million shares still today..So??
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