They likely would…but then Nasdaq starts being less forgiving with compliance extensions. If they managed to get an RS done in time and hold the price above $1 for what would likely be up to 20 days to get removed from the non-compliant companies list…and later they went below $1 for 30 days within the next 2 years they likely would not get a 180 day extension and move straight to delisting.
How many R/S did the company approve already. DM needs to keep the Nasdaq listing to keep any shred of credibility. If he lets it get delisted then he probably has no intention of producing any cars at all, and most likely will sell the company. Besides any announcements that DM makes will only drive the PPS down further, he is perceived by the public as a liar and scammer. Now the market is looking for proof, when that happens we’ll see it run!
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