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Posted On: 04/06/2024 4:24:54 PM
Post# of 32860
I posted the below 4 days ago. Also in the 10-K it is discussed. If there was such a huge concern about delisting, then wouldn't logic dictate if VERB gets a 6 month extension, the share price should go through the roof?
If I was VERB, I go to the Nasdaq and asked why is their Capital Market so rigged, VERB float was churned through a gazillion times? The market cap is so low, it doesn't make a different how VERB cure the deficiency. What? Shorts/Naked shorts going to short the market cap down to $100K? All VERB need to do is to keep growing sales and everything will take care of itself.
https://listingcenter.nasdaq.com/rulebook/nas...d%20shares
If I was VERB, I go to the Nasdaq and asked why is their Capital Market so rigged, VERB float was churned through a gazillion times? The market cap is so low, it doesn't make a different how VERB cure the deficiency. What? Shorts/Naked shorts going to short the market cap down to $100K? All VERB need to do is to keep growing sales and everything will take care of itself.
Quote:
If a Company listed on the Capital Market is not deemed in compliance before the expiration of the 180 day compliance period, it will be afforded an additional 180 day compliance period, provided that on the 180th day of the first compliance period it meets the applicable market value of publicly held shares requirement for continued listing and all other applicable standards for initial listing on the Capital Market (except the bid price requirement) based on the Company's most recent public filings and market information and notifies Nasdaq of its intent to cure this deficiency. If a Company does not indicate its intent to cure the deficiency, or if it does not appear to Nasdaq that it is possible for the Company to cure the deficiency, the Company will not be eligible for the second grace period. If the Company has publicly announced information (e.g., in an earnings release) indicating that it no longer satisfies the applicable listing criteria, it shall not be eligible for the additional compliance period under this rule.
https://listingcenter.nasdaq.com/rulebook/nas...d%20shares


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