Replies to post #8343 on AEterna Zentaris Inc. (AEZS)

[lambchops]

Hopefully they'll take some of that cash and do a buyback.
RS's kill a stock.

[MinnieM]

Nasdaq has made the decision to require them to maintain the $1. And, fortunately, they've been given some time. Look at the bottom of page 5 to find following:
http://www.sec.gov/Archives/edgar/data/1113423/000111342315000016/q2-2015xex991.htm

Minimum Bid Price Rule

On June 18, 2015, we announced that we had received a notice from the NASDAQ Listing Qualifications Department determining that the Company is eligible for an additional 180 calendar day period, until December 14, 2015, to regain compliance with the minimum $1.00 per share required for continued listing under Listing Rule 5550(a)(2). Our shares continue to trade on the NASDAQ under the symbol AEZS.

They may or may not get another extension for this if they haven't achieved the $1 by December 14, 2015.









In Reply to 'Tim696969'
Does anyone think they will need to do a reverse split to stay on NASDAQ? Have they received a warning letter on being below $1.00? Thanks!