SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Microcap & Penny Stocks : ProNetLink...PNLK...Click here to enter -- Ignore unavailable to you. Want to Upgrade?


To: John O'Reilly who wrote (16591)4/21/1999 5:31:00 PM
From: Patrese  Read Replies (1) | Respond to of 40688
 
John,

Am I reading the requirements correctly? I understand it to say that failure to meet minimum bid price is if it consistently trades below the $4 or $5 for a period of 30 consecutive days NOT if it falls below a few days within the 30 day period since filing application.

Patricia



To: John O'Reilly who wrote (16591)4/21/1999 5:45:00 PM
From: Mandalou  Read Replies (1) | Respond to of 40688
 
Does this translate to say that peaking our heads above $4 once every 30 days will satisfy the requirement ?

On the issue of stock price:

"For initial inclusion, common or preferred stock shall have a minimum bid price of $4 per share. For continued inclusion, the minimum bid price per share shall be $1. "

"A failure to meet the continued inclusion requirements for minimum bid price and market value of public float shall be determined to exist only if the deficiency for the applicable criterion continues for a period of 30 consecutive business days. Upon such failure, the
issuer shall be notified promptly and shall have a period of 90 calendar days from such notification to achieve compliance"