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DesertEagle

03/03/24 9:53 PM

#7311 RE: Frankestin #7310

Now I understand.
You are correct, if they had done something irredeemable they would have been booted already. The panel can take from 2-4 weeks for a final decision and even then, it can be appealed:
"The Panel Decision will provide notice that the Company may appeal the Panel Decision to the Listing Council within 15 calendar days of the date of the Decision and that the Decision may be called for review by the Listing Council within 45 calendar days from the date of the Decision."

My gut tells me the company is working with NASDAQ to resolve the issues but we will noy know anything until the company issue a Press Release or NASDAQ issues a determination.

You may want to read more about it here: https://listingcenter.nasdaq.com/rulebook/nasdaq/rules/Nasdaq%205800%20Series

Hope that helps answer your question.
GLTY