"again our executives have failed to execute (as far as we know)."
If you want to know what is going on with the company, then read the filings.
Item 8.01 Other Events.
As previously reported, on July 26, 2017, we received a notice from Nasdaq acknowledging the fact that we do not meet the requirements of Nasdaq Listing Rule 5605. The notice stated that (i) we had 45 calendar days to submit to Nasdaq a plan to regain compliance with Nasdaq Listing Rules 5605(b)(1) and 5605(c)(2), and (ii) to regain compliance with Nasdaq Listing Rule 5605(d)(2), we (a) had until the earlier of our next annual shareholders’ meeting or July 24, 2018, or (b) if our next annual shareholders' meeting is held before January 22, 2018, then we had to evidence compliance no later than January 22, 2018.
On September 18, 2017, Nasdaq notified us that, based on its review of our plan of compliance, Nasdaq has determined to grant the Company an extension until January 22, 2018 to regain compliance with Nasdaq Listing Rules by appointing at least one more independent director to our Board of Directors and Audit Committee. If compliance cannot be demonstrated by January 22, 2018, Nasdaq will provide written notification that our securities will be delisted. In the event of such a notification, we may appeal Nasdaq's determination. Our Board of Directors intends to appoint at least one more independent director to our Board of Directors and Audit Committee prior to January 22, 2018.
In addition, Nasdaq notified us on September 18, 2017 that it had determined that we have regained compliance with Nasdaq Listing Rule 5605(d)(2) as a result of our appointment of two independent directors to our Compensation Committee.
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