Wolf - If I'm reading your question correctly the the best answer I can provide is what McEwen stated:
For Ref: MUX crossed over a $1.00 on Dec 21 ending the day at $1.04.
So if Rob's Statement is correct then 30 Consecutive days over a $1.00 is Feb. 2nd if I counted the Holidays correctly.
I think that answers your question.
I've also been wondering why No MUX PR on Afgan-Kobeh as of yet. It should be backed in to the Cake already with NV Gold's PR. But MUX may be holding out the PR as a little Ammo to help keep us over a buck should MUX share price get back down real close to a buck..
or it just maybe there is some Final Legal Paperwork to be done before the PR is Released.
It's just a coincidence perhaps that NV Gold's PR came out Dec. 21, also..... As MUX closed Friday Dec 18th at $0.96. Then closed on Monday Dec 21st at $1.04
If we can hold on through the 15th, MUX may push higher on the 16th.
The NYSE rules provide that since the resolution to implement a reverse split requires the approval of the Company's shareholders, its stock will continue to trade on the NYSE, subject to compliance with all other NYSE requirements, provided that the Company must obtain the shareholder approval by no later than its next AGM, and must implement the action promptly thereafter. The price condition will be deemed cured if the price promptly exceeds $1.00 per share, and the price remains above the level for at least the following 30 trading days, otherwise the Company's stock will be delisted from the NYSE. If the Company regains compliance with the pricing requirement prior to implementing the reverse split, the Company can elect not to implement the reverse split. McEwen Mining Provides Update on NYSE Listing
The discussion Links below was mostly on if it was 30 consecutive Days or a Calendar Month.
However, Lab, Erie and I Posted and Replied to each over the rules as stated with Erie.
I posting more from a Delisting stand point, with Rule 802.1C
Lab's Post 14039
My Post 14041 to which their were 3 replies from Lab and Erie. |
