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Affymax, Inc. Message Board

  • hollandisback68 hollandisback68 Apr 17, 2013 3:28 PM Flag

    how long under a $

    before delisting from the nasdaq? is that 30 days?

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    • 30 consecutive days under $1 and then 90 days after that NASDAQ begins the process of delisting. If during those 90 days AFFY stock is over $1 for 10 consecutive days then AFFY won't be delisted.

      CYTK is an example of stock which was under a dollar for a while and had 10 days over $1 to stop the delisting talk.

      So you have until Mid-May to even start to think about this and then three months after that before anything happens. By that time, we should have news on the .012% (one thousandths of one percent) of deaths and if the news is good which I expect it to be then delisting will be out of the question.

      Sentiment: Strong Buy

 
AFFY
0.0795+0.0200(+1.67%)Sep 23 3:14 PMEDT