NASDAQ has delist rules if an issue remains under $1 for an extended period. Many companies opt for a reverse split to avoid delisting. Possibly, a 1 to 10 might be best for OLCB at this point in time.
Monday is August 31. This has the potential of being a significant day in the history and future of this bank.
Those have been relaxed since the great crash and bank collapse.OLCB sells for a small fraction of its net tangible assets (book value), so something has to give.Chatter today in DC about easing the capital to assets ratio requirement from 15% to 10%, would help this bank.