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Tuesday, April 01, 2025 5:45:53 PM
Research this for yourself about possible delisting.
There are possibly some who don't know that the Nasdaq NM price (relative to maintaining a Nasdaq NM listing) requires that the minimum closing bid be under $1.00 for a period of time (weeks/months). I would believe that there is a likelihood of corporate notification involved too of any necessary warnings etc. being given to the company prior to that potential event. I believe there may even be an appeals process if indeed that were to happen.
I have seen companies go on for a long time under a dollar. Like months, possibly more.
The aforementioned is my understanding; please go read for yourself and dig; do not rely on me or a message board.
Two more days of OFC.
Best,
Purplecritter2001
There are possibly some who don't know that the Nasdaq NM price (relative to maintaining a Nasdaq NM listing) requires that the minimum closing bid be under $1.00 for a period of time (weeks/months). I would believe that there is a likelihood of corporate notification involved too of any necessary warnings etc. being given to the company prior to that potential event. I believe there may even be an appeals process if indeed that were to happen.
I have seen companies go on for a long time under a dollar. Like months, possibly more.
The aforementioned is my understanding; please go read for yourself and dig; do not rely on me or a message board.
Two more days of OFC.
Best,
Purplecritter2001
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