That is actually not what happened. They did comply, but the most favored nation clause triggered too much dilution, due to the short attack, for the NASDAQ. They could r/s and stay on the market only if they did not raise the cash they needed desperately at that time to avoid bankruptcy, which must have driven the shorts crazy. Thus they delisted.
You do not appear to understand that series of events and conflate them, for whatever reason, understanding or preference of interpretation... who knows.
That was a specific convergence of events and I know of NO decently solid lawyer on Wall Street that could not navigate that back to an uplist.
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