Based upon this,
"...The determination was based on the Company meeting the continued listing requirement for market value of publicly held shares and all other applicable requirements for initial listing on Nasdaq with the exception of the bid price requirement, and the Company's intent to cure the deficiency during the second compliance period by effecting a reverse stock split, if necessary..."
The UoR has put this company in jeopardy. UoR, the largest shareholder acquired millions of shares when Virtualscopics was only .01 cents a share. The UoR has definitely made a lot of money from this investment. The future will tell if the UoR accepts responsibility and help the company build an empire.
Not too sure how much responsibility U of R has here.
They incubated the patents that thrust Virtual Scopics into
a viable entity. Hence, a warrant package was issued to
them i.e. favorable stock prices etc....certainly an arms
For the past several years the U of R has
regarded VSCP as another portfolio member, pruning it along
with its many other holdings, as warranted. I am not sure
that VSCP has been "punished" by the U of R as
a few on this board might contend. Granted, as
shareholders we incur the downside when
the U of R does its periodic dumpings...but obviously
those have even dissipated as of late, as evidenced
by the dried up volume over the past several months.