"The Nasdaq Listing Rules require listed securities to maintain a minimum bid price of $1.00 per share and, based upon the closing bid price for the last 30 consecutive business days, the Company no longer meets this requirement. The Notice indicated that the Company will be provided 180 calendar days in which to regain compliance. If at any time during this period the bid price of the Company’s common stock closes at or above $1.00 per share for a minimum of ten consecutive business days, the Nasdaq Staff will provide the Company with a written confirmation of compliance and the matter will be closed.
In fact :
1 dollar is the minimum.
they have 180 days.
10 days above 1 dollars per share and it's done...with this news, ETRM will move up the forthcoming days because it's a big big deal! Last time I've seen a company like ARNA at 1 dollars and then such big news came and brought pps to 13.50 ! If I were you I wouldn't underestimate ETRM's potential here. many hedge funds are behind.
have a look on ETRM, Strong signal BUY BUY BUY
http://www.americanbulls.com/SignalPage.aspx?lang=en&Ticker=ETRM
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