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Zalicus AŞ Message Board

  • zoinkshaggy zoinkshaggy Apr 9, 2013 2:15 PM Flag

    zoinks

    deadline has passed

    had to be 10 consecutive days aboce $1 by Aprill 22

    get ready for capital market and drop to 30-40 cent range

    Zalicus entering into that far away swamp

    might be a good play in the 30-40 cent range and hope for some pharma to pick them up for 70-80 cents

    ZOINKS

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    • Then based on your estimates, zlcs will be selling for what your mother charges for a #$%$.

    • from the nasdaq faq section:

      If a company trades for 30 consecutive business days below the $1.00 minimum closing bid price requirement, NASDAQ will send a deficiency notice to the company, advising that it has been afforded a "compliance period" of 180 calendar days to regain compliance with the applicable requirements.

      Thereafter, if such a company does not regain compliance with the bid price requirement a second 180-day compliance period may be available. A company listed on The NASDAQ Capital Market may be eligible for an additional 180-day compliance period if it meets the market value of publicly held shares requirement for continued listing, all other initial inclusion requirements for the Capital Market, except for the bid price requirement, and provides written notice that it intends to regain compliance with the bid price requirement during the second 180-day compliance period, by effecting a reverse stock split if necessary.

      Similarly, if a company listed on The NASDAQ Global Select Market or Global Market company is unable to comply with the bid price requirement prior to the expiration of its 180-day compliance period, it may transfer to The NASDAQ Capital Market, so as to take advantage of the additional compliance period offered on that market. Such a company must meet the $1 million market value of publicly held shares requirement for continued listing, and all other requirements for initial listing on The NASDAQ Capital Market (except for the bid price requirement), and provide written notice that it intends to regain compliance with the bid price requirement during the second 180-day compliance period, by effecting a reverse stock split if necessary. If a company does not indicate its intent to cure the deficiency, or if it does not appear to NASDAQ that it is possible for the company to cure the deficiency, the company will not be eligible for the second compliance period.

 
ZLCS
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