For NYSE, it happens the next day. For NASDAQ, apparently it takes longer. Any idea of when this will happen for XIDE? There will be a temporary massive drop when that happens and will be the best time to get in for a triple digit short term gain. Till then, holding overnight is risky and trading intra-day is more prudent.
he first step in the delisting process is the deficiency notice. NASDAQ issues a notice to all companies in violation of the continued listing standards for 30 consecutive trading days. After the notice is issued, the company has 90 calendar days to regain compliance before it will lose its listing status. The company tracks compliance automatically using computer systems, and according to analyst David Westenberg at Wilmer Hale, the deficiency notice "is usually triggered by public filing of an SEC report.
The stock fell below $1.00 on April 25 and got notice about delisting some time last month? Then the company has about 60 before it gets delisted.