It is not simply reducing the OS and AS by the same ratio. That would be a good thing if you have a spread to start with. But in their case, there is no spread. So, they MUST increase the AS by SEC requirement to meet their obligations.
“While Nasdaq may very well provide another grace period MULN is going to have to do yet another RS“
I disagree. I think that another grace period might just send the price above a dollar. Another grace period with production news, or any other major news drop, will likely keep it above $1 for long enough for compliance. They also have the option of using their $25m buy-back money. We shall see.
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