InvestorsHub Logo
Followers 30
Posts 2169
Boards Moderated 0
Alias Born 08/29/2011

Re: Butchmass post# 44994

Saturday, 02/25/2023 6:10:59 PM

Saturday, February 25, 2023 6:10:59 PM

Post# of 71202
You have missed something. On March 6 if the SP is below $1 (which is likely) NASDAQ will send a letter of non-compliance. Mullen will ask for a hearing (normal practice) and show a plan to gain compliance using an RS (which may not be needed). They will then get a 6 month extension to September 6. If they STILL are non-compliant then the RS will be implemented.

And it's non-compliant to NASDAQ rules rather than non-current. Two different things.

The only fly in that ointment is the Russell 2000 & 3000. They may decide to do the RS in June to remain on those indexes.

$MULN
Volume:
Day Range:
Bid:
Ask:
Last Trade Time:
Total Trades:
  • 1D
  • 1M
  • 3M
  • 6M
  • 1Y
  • 5Y
Recent MULN News