Thanks, here is my point of view. any company in the process of delisting, whether voluntary or involuntary, must make a public announcement. Chan play by the book...If the company fails to comply. Nasdaq will send the company a delisting letter and he must make a public announcement within 4 business days.
"If the conditions that triggered the deficiency notice are not met in time, the NASDAQ will then send the company a delisting letter, which must be disclosed to the public within four business days.
There is an appeal procedure that a company can use, if it feels that it doesn't deserve to be delisted or if it can regain compliance in a reasonable amount of time. Once the company receives the delisting letter, it has seven days to request a hearing with the NASDAQ listing qualification panel to present its case, which postpones the delisting process until the panel makes a decision.