There is no reference in the rule book to a specific waiver for meeting the requirement for minimum share price. However, there is a paragraph in the general provisions that mentions the possibility for exemptions:
I don't know if the company will be granted an exemption based on this provision. If not, maybe a reverse split will be accepted as a method to bring up the share price? I'm recalling someone on the board rejecting the use of a reverse split but I don't remember who posted that and why. Any board member who wants to comment on if a reverse split could be a possible solution to the problem? Pros/cons?
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