|
Post by gamblerjag on Dec 1, 2016 23:46:50 GMT -5
I never heard about other issues that would not grant an extension. Here is scenario and don't know how it wouldn't apply..
The Nasdaq may grant a 180-day extension of the initial grace period. In such a case, the stock remains listed throughout the the extension. Not all companies qualify for this second grace period. The market value of publicly held shares of a company's stock must be at least $1 million. The market value is calculated by multiplying the publicly held shares -- the total number of shares outstanding minus any shares held by officers, directors, employee stock ownership plans or beneficial owners of 10 percent or more -- by the closing bid price. These companies must have maintained the other non-price listing requirements.
|
|
|
Ho-Hum
Dec 2, 2016 0:34:59 GMT -5
Post by mnkdfann on Dec 2, 2016 0:34:59 GMT -5
I never heard about other issues that would not grant an extension. Here is scenario and don't know how it wouldn't apply.. The Nasdaq may grant a 180-day extension of the initial grace period. In such a case, the stock remains listed throughout the the extension. Not all companies qualify for this second grace period. The market value of publicly held shares of a company's stock must be at least $1 million. The market value is calculated by multiplying the publicly held shares -- the total number of shares outstanding minus any shares held by officers, directors, employee stock ownership plans or beneficial owners of 10 percent or more -- by the closing bid price. These companies must have maintained the other non-price listing requirements. Yes, other non-price listing requirements must be satisfied for the extension. See this thread: mnkd.proboards.com/thread/6235/nasdaq-share-price-compliance-noticeFrom one of MNKD's 8-Ks: ". . . if on the last day of the Compliance Period the Company is in compliance with the market value requirement for continued listing, as well as all other standards for initial listing of its common stock on the NASDAQ Capital Market (other than the bid price requirement) . . ." The initial listing standards require a minimum standard of $4 million in shareholder equity. MNKD isn't close to that (it is several hundred million in deficit, unless something drastic changed suddenly). Since MNKD does not meet all the initial listing standards for the NASDAQ Capital Market, they are not eligible to transfer the listing to the Capital Market or to receive a further grace period. Since the company cannot qualify for the Capital Market, they have a single 180 day period to get back in compliance. No extension, unless NASDAQ changes / bends its rules.
|
|
|
Post by therealcd on Dec 6, 2016 10:08:13 GMT -5
IMO - as a newbie wouldn't they just need to run (one) commercial then and stock would jump over $1 over night? in Q1 2017 Wouldn't that be the end of all speculation and see where it goes. I know it's been talked about numerous times, money, etc. However coming from the yahoo board old fragg beats it up quite heavily. He states all the products that have had success do require advertising. Maybe the plan is to wait until 1Q 2017. cd.
|
|