because this was expected as per the the compliance letter on December 20th. They are selling a ton of drives and are bringing in enough cash to cover their operations as well as pay down their debt quickly. Soon they will have zero debt and be cash flow positive.
Wrong again, piptard1234! LOL. Try reading the 8-K next time before you say something that stupid again. LOL.
The Nasdaq letter notes that the Company is required to submit an update to its original plan to regain compliance with Nasdaq’s filing requirements for continued listing no later than February 1, 2013. Upon acceptance of the Company’s compliance plan, Nasdaq is permitted to grant an extension of up to 180 days from the initial delinquent filing, or until April 8, 2013, for the Company to regain compliance with Nasdaq’s filing requirements for continued listing.