lilllillliiilill: actually a $2 point would not work. As with most RS's that occur (not saying they are going to or even considering it), it sends a message to investors of "lack of confidence" in the stock or that it is a sign of distress.
Either way, in order to potentially get Nasdaq approval, the company would need to shoot above $4 because if it can close above $4 for 1 day, it would comply with uplisting requirements. $2 requires a 90 day window of staying above $2.
Given the market, and how bad investor confidence is at this time, it will be a while before a good solid rebound hits. Investors want stability, unless you're Warren Buffet with Billions and you love to see stocks slide south and have a buying campaign. Most investors get hurt during these times. Their portfolios (401K's) get hit, with the only upside being they can cost average. For those at retirement age, this hurts the most.
Best to all TRUE longs!
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