Posted On: 07/07/2014 7:18:24 PM
Post# of 30034
This describes the NASDAQ delisting process. I don't believe shareholders will have much to worry about. There's plenty of buffer built into the process.
Failure of a company to meet a minimum closing bid price of at least $1 for 30 consecutive trading days can trigger delisting. When this happens Nasdaq issues a deficiency notice to the company.
After receiving a deficiency notice, a company has 180 calendar days to return to compliance. A company warned about its shares' minimum bid price must achieve a closing price of $1 or more for 10 consecutive trading days during this period.
http://finance.zacks.com/nasdaq-delisting-rules-7450.html
Failure of a company to meet a minimum closing bid price of at least $1 for 30 consecutive trading days can trigger delisting. When this happens Nasdaq issues a deficiency notice to the company.
After receiving a deficiency notice, a company has 180 calendar days to return to compliance. A company warned about its shares' minimum bid price must achieve a closing price of $1 or more for 10 consecutive trading days during this period.
http://finance.zacks.com/nasdaq-delisting-rules-7450.html
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