In accordance with Nasdaq Marketplace Rule 4450(e)(2), the Company will be provided 180 calendar days, or until June 25, 2008, to regain compliance with the Minimum Bid Price Rule.
Also, they can get another 180 day extension if that is not enough time. And if they trade above $1 for any consequitive 10 day period, they regain complaince again.
No, they are not going to be delisted.