Replies to post #507807 on Mr Cooper Group Inc (COOP)

[garyhalvo]

And they can extend it for another 180 days if requested.

[JusticeWillWin]

What are you talking about? WMIH has time until May 14, 2018 to correct the bid price deficiency, and may receive additional 180 days...

Or better subtract 10 business days, because the PPS must stay above $1 for at least 10 business days to prevent a delisting.

The PR: https://www.prnewswire.com/news-releases/wmih-corp-announces-receipt-of-nasdaq-minimum-bid-price-notification-300558130.html

Your post:

Company has 180 Calendar Days from August 14th 2017

I think we are close to 180 Calendar Days. WMIH had better do something...

180 days from August 14 2017
Your starting date is August 14, 2017 so that means that 180 days later would be February 10, 2018. You can check this by using the date difference calculator to measure the number of days from Aug 14, 2017 to Feb 10, 2018.
https://www.google.com/search?q=August+14th+2017+plus+180+days&ie=utf-8&oe=utf-8&client=firefox-b


" Return to Compliance

After receiving a deficiency notice, a company has 180 calendar days to return to compliance. A company warned about its shares' minimum bid price must achieve a closing price of $1 or more for 10 consecutive trading days during this period. Report-filing offenders must file the required reports, and then must file subsequent reports by the due dates.
Additional Grace Period

If a company with a minimum market value of $1 million in shares held by non-affiliates satisfies the other listing requirements, it may receive a second "cure period" of 180 calendar days. To receive this, the company must notify Nasdaq of its intent to correct the deficiency. Nasdaq may exercise its discretion in determining whether it believes the company can cure the deficiency."

https://finance.zacks.com/nasdaq-delisting-rules-7450.html

[Roach58]

The notification has no immediate effect on the Nasdaq listing of the Company's stock. The Company has 180 calendar days, or until May 14, 2018, to regain compliance with the minimum bid price requirement. To regain compliance during this initial 180 day period, the closing bid price of the Company's common stock must meet or exceed $1.00 for a minimum of 10 consecutive business days, whereupon, Nasdaq will provide the Company a written confirmation of compliance and the matter will be closed. In the event that WMIH Corp. does not regain compliance before the expiration of the Compliance Period, the Company may be eligible for additional time.