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Re: janice shell post# 4478

Tuesday, 11/28/2023 8:04:38 PM

Tuesday, November 28, 2023 8:04:38 PM

Post# of 4891
They now have a “limit”. While they do actually suggest/encourage a company to use a reverse split to maintain compliance they do have rules against “excessive” reverse splits.

If a company falls below the $1 and has done more that 1:250 in one or more reverse splits within the previous 24 months they are not eligible for a grace period and go straight to delisting.

But yes, Nasdaq bends over backwards to allow a ticker to stay.

From the time things start to go sideways it can be 2-3 years before they eventually get kicked off.

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