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Thread: Can anyone verify this?

  1. #11
    imromo24 is offline
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    Joined: Aug 2008 Location: Steeler Town, MI Posts: 2,524
    ok, so that nearly eliminates the need for the reverse split then. The dilution is still a possiblity if needed to raise money for the converts.

    Any thoughts on how this takes the RS off the table?

  2. #12
    hartleib1 is offline
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    Joined: Mar 2008 Posts: 135
    Is there a time limit on this reprieve or is it open ended? It is a big change, you would think it would get more press.I have always thought that the size of the Market Cap should make a difference.

  3. #13
    Demian is offline
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    Quote Originally Posted by hartleib1 View Post
    Is there a time limit on this reprieve or is it open ended?
    Here is your answer.......January 19th, 2009.


    "Given these extraordinary market conditions, Nasdaq has determined that the bid price and market value of publicly held shares requirements should be temporarily suspended through January 16, 2009. Under this proposal, companies would not be cited for new bid price or market value of publicly held shares deficiencies during the suspension period, and the time allowed to companies already in a compliance period or in the hearings process for bid price or market value of publicly held shares deficiencies would be suspended with respect to those requirements. Following the temporary suspension, any new deficiencies with the bid price or market value of publicly held shares requirements would be determined using data starting on January 19, 2009. Companies that were in a compliance period prior to the suspension would receive the balance of any pending compliance periods in effect at the time of the suspension."

  4. #14
    homer985 is offline
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    If the market/economy is as bad as some claim -- don't be surprised to see this extended beyond 1/19/09. It all comes down to the number of companies that are below the $1 threshold.

    They made a point of bringing up the number of companies that are below $1 -- if that number is higher on 1/19/09 and things haven't gotten better... then don't be surprised to see it extended another 90 days.


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  5. #15
    Demian is offline
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    The Nasdaq has done this before, so it is not without precedence. The Nasdaq suspended the delisting process after the 9/11 attacks for example. It is bad for business for the Nasdaq to start delisting companies, as they are having a hard time getting any new listings in this economic environment...

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