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Savient Pharmaceuticals, Inc. Message Board

  • lempe39398 lempe39398 Aug 15, 2013 3:34 PM Flag

    Stop all the delisting BS

    It appears, that some of the resident shorts and pretend longs don't even know how delisting actually works.

    Additional Compliance Period for NCM Listed Companies: If a company listed on the NCM is unable to regain compliance with the $1.00 minimum bid price requirement within the initial 180 day period, it will receive a second 180 day grace period provided the company (a) has at least $1 million in market value of shares held by non-affiliates and satisfies all of the other listing requirements for initial listing on the NCM (except the bid price requirement) and (b) notifies NASDAQ of its intent to cure the listing deficiency. If it does not appear to NASDAQ that it is possible for the company to cure the deficiency, this second grace period will not be granted.

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