Let's just say for the sake of argument that tomorrow morning management announces that they will be living up to their word and trading shares on the NASDAQ Capital Market. This implies that they won't be going pink for at least another 6 months. Would you have wished you were in before that announcement? What information are we expecting in those next 6 months? What generally happens to share prices of a biotech before the expected information about a life changing molecule is released? Do you really think that by that time ZLCS will be under a dollar? Just asking.
If a company is unable to resolve its bid price deficiency during the applicable compliance period, NASDAQ Staff will issue a delisting letter. At that time, the company may request a hearing before a Hearing Panel, which will stay the delisting.
The company will have the opportunity to present its plan to regain compliance to the Panel. This plan of compliance should include implementation of a reverse stock split in the near term. In appropriate cases, and so long as a company commits to implementation of a reverse split within 180 days of the delisting notification, **Panels may also consider other factors, such as the company's fundamental financial strengths and weaknesses, the overall market, the company's historical bid price, and impending disclosures, corporate actions and strategic business plans that the company believes may impact its bid price.**
So -- if and when Z get the delisting letter they can request a hearing therefore a stay in delisting (r/s needed, maybe). They can ask to move to CM for another 180 days. the between * * line may be the most important of the above, does the "," before act as a continuation of a list or as an separate thought? Time for everyone to do a grammar refresher..... What will the hearing panel say if presented with material/ impending disclosures that will affect the pps? They can grant an extention/ask for a plan including a r/s/... lots of options available.