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They need a market cap of $50MM to be on the Nasdaq Global Select Market and $35MM to be on Nasdaq regular market. They fell below $50MM.
from NAS site listed as
noncompliant with the continued listing standards due to Market Value of Listed Securities NGS 9/29/2015
I thought they had to be under $1 for that to happen. anyone?
What may be holding this down is financing deals they have with various parties. Then it seems we must wait for some news or other catalyst to move the stock. The news yesterday was encouraging but not many institutions own the stock and THEY or traders move it.