Even if approved, it looks to me like we need at l

Even if approved, it looks to me like we need at least $2 for the initial listing. I don't see that happening at the current pps plus the dividend price reduction next week. Actually, we won't even meet the continued listing requirement of $1, which got us delisted back in 2010. Hello reverse split or really good news?
Somebody please tell me I'm wrong.

https://listingcenter.nasdaq.com/assets/initialguide.pdf