But once the 30 days pass (and they are on day 15 now) ...they will then need to have a closing bid at or above $1 for 10 days in a row to reset the clock....as opposed to the one day now.
And the longer time goes by and the more real an RS looks, it will have an added negative affect on the pps.
True, BUT 30 consecutive days under a $1 on Nasdaq starts another death spiral/RS here...a costly process...180 days will be irrelevant if they can’t rectify quickly...off the top of my head it’s already been about 20 days under...10 to go till Nasdaq steps in...
Telex/rory/telex the next rs will be sooner than you like to admit. Definitely not 180 days. Today is day 15 close below $1, no point in waiting on the delist notice. This wont be the last rs, verb is a dilution machine. Rorys peddling a faulty widget that no one wants or is willing to pay for. The acquired company will cease to exist and the revenue will be gone as well. Dilution is the only answer rory loves convertible notes easy free money yeah it screws the shareholders but rory calls em bedwetters anyway.
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