A company gets an automatic delisting warning if they can't produce financial documents by the required time. amcc is yet to produce the annual report (10-k).
they can appeal for an extension and if approved they can stay on probation and an "e" added to the end. if the company can not still provide the documents by the extended time they will be delisted. vtss was denied an extension because their delayed reports would have gone beyond the extended time offered by the nasdaq.
once you try to go back to the nasdaq your stock has to be 4-5 bucks a share so how can vtss ever go back? reverse split unless it goes bk before that.
question is can amcc give a 10-k report when they will restate like almost every company caught in the options backdating? expect a restatement which means more delays for the 10-k annual report as well as canceled quarterly earnings report coming soon.
the best way amcc can avoid delisting is to: 1) provide the 10-k annual report missing for months now.
2) denie any options backdating.
3) give the 10-k before the extended deadline offered by the nasdaq.