I know the rules. You took the abbreviated title to my post too literally.
Rules: 1. 30 consecutive trading days (8 days from now) with closing bid below $1.00 and they will receive notification of failure to comply with one important rule for listing.
2. Upon notification, they have 90 days to get their closing bid above $1.00 for 10 consecutive days.
3. If they don't perform under #2, they still have an appeal process that may buy them another 90 days.
As an investor or potential investor, the real issue is that the only realistic cure that INSP has in their control, is a massive reverse stock split. Think about how you would like to find out that those 10,000 shares you bought recently become just 1,000 shares! Although the theoretical share price goes 10X, usually right after the reverse split, the share price drops dramatically, that is why a split of 1 for 10 is not uncommon. There is a tremendous amount of history that only about 10% of companies that use a reverse stock split actually stay listed.
Do your own research if you question mine. Just beware!