Lets pose why the company did not appeal the notice from Nasdaq, so the insiders can sell out stock before it goes to "nothing"? The answer is delisting and filling out Chapter 11 is a better solution for shareholders included the owners.
on what grounds? this stock is going to zero, stop trying to spray this pile of crap with perfume. First its book value, then deprecition, now why it did not appeal, give it a break, you are talking pure #$%$