@Tank -- EGT was never in danger of being delisted. (check NYSE listing requirements). You are thinking of NASDAQ listing requirements which are very different.
The R/S as designed to do several things
-- Reduce the crazy high share count (i was over 100M shares)
-- by reducing the share count, they can now show a respectable EPS
-- increase the PPS so that we can get on the RADAR of some small cap MFs
All of that is good. Now we just need more bottom line revenue...and that is coming..allbeit slower than expected.