train, an RS is not in the cards. If a company does do that in an attempt to meet the Nasdaq requirement for SP, the approval would likely be held up because performing an RS is considered a "volatile" move or means to achieve SP.
We are all aware of the 90 day @ $2 SP approach to hit the Nasdaq requirement, but there are the two other options:
1) $3 for 5 days, not 4
2) $4 for 1 day
If a company performs an RS to achieve either of the 2 options above for $3 & $4, depending on severity of the R/S, Nasdaq can place an additional 5-10 day requirement on sustaining the price point.
In other words, if you have a $3 target for SP, but are sitting at $1.00, and perform a 1:3 R/S, you not only have to wait the 5 days, but an additional 5-10 days. Same for the $4 point if you R/S (1 day can become 6 days up to 11 days) that a SP must sustain the $4.
As volatile as our stock has been, sustaining a SP at $3 or $4 can be tricky, especially if there are a lot of manipulators ready to pull it back down. Personally, I think we will hit the $4 SP for the min 1 day requirement, and qualify.
My $0.02...best to you!
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