Bob,
Thanks for the info on the listing requirements. I came up with almost the same dates but for different reasons. The way I see it, TASA's bid (I'm actually going by the low for the day) moved above $1 on Dec 3 and stayed there until Dec 19, thus meeting the 10 day requirement. Adding 30 *business days* brings us to Feb 4. Although the bid did move above $1 after Dec 19, it didn't stay there for 10 days, which seems to be necessary for "compliance". The way I read it now, the bid for TASA has to exceed $1 for 10 business days preceding and including Feb 4, i.e. from Jan 22 on, which it isn't.
So TASA should be informed shortly after Feb 4 that it has 90 calendar days within which the bid must exceed $1 for 10 consecutive days. Right? Each time the bid drops below $1, the 30 day grace period (actually 20 days the way I read it) kicks in, followed by the 90 day compliance period.
So, as I said, this brings me to about the same conclusion. TASA has to get the bid above $1 for 10 consecutive days ending before May 5, or so, to hold its NASDAQ listing.
Stuart. |
