-
What is NASDAQ's compliance process for companies failing to meet the $1.00 minimum bid price requirement?
NASDAQ uses the consolidated closing bid price to determine whether a company complies with this requirement. If a company trades for 30 consecutive business days below the $1.00 minimum closing bid price requirement, NASDAQ will send a deficiency notice to the company, advising that it has been afforded a "compliance period" of 180 calendar days to regain compliance with the applicable requirements.
http://www.nasdaq.com/about/FAQsContinued.stm
---------
-
Thanks Homer,
So that takes the deadline to get the stock to over $1 out to the end of May, 2010...
