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If they close below $1 for 30 consecutive days they get a notice of deficiency and have six months to get average closing stock price above $1 again for at least a 30 day period. If not, they get booted from the exchange.
Yeah, but:There's always the reverse split. This is the kiss of death, but we've already been kissed a lot.The whole market is a shambles. This is stuff I've only read about in the history books. Who knows where it will end?We are writing tomorrow's history. When we get to the end of this, I'm afraid that America will no longer be the pre-eminent power of the world.
NO delisting; delisting has been suspended due to unusual market circumstances. They will allow the price to go under $1 and NOT delist.