Excel Maritime Carriers Ltd.(fka EXMCQ)

[grain]

Google the rules for delisting https://listingcenter.nasdaqomx.com/show_doc.aspx?file=faqscontinued.html .I forget if the price stays below 1 dollar for 60 or 90 day . They will recieve a letter warning them .They will have about 30 days to do what they need to do to get over a dolar . So the longer they stay below 1 dollar the more likly they may do a R/S if they want to stay on the exchange. If they do what EGLE did 1:4 at todays price they would be $2.04 and the book value per share would go from $16 to $64 . I got some shares 2 months ago and was ready to get some more when the price shoot up .I waited for today and got some more and may get more over next few months .I will not buy over 60 cents . May sell any time it get to $1 . This is really a high risk stock but if it can make it could be high reward . Which will it be ?