NO delisting. Don't let MM fool you into thinking this will happen
NEWL has until June 23, 2014 to have the company value above $50 million, they were at $43 million last week and the new coal washing station with sales of $150 million/year will yield at least $12 million in the first quarter. this on top of new information coming out in the next week or two and hitting the $50 million will be no problem. So the twitters that just are here to scare you out so they can collect cheap shares and make money on their options will have to spin in the wind. Me, from my DD, I find that NEWL will return a nice 20-25% gain over the next few weeks. Watch and learn kids.
Nothing is wrong. NEWL is waiting as stated in the PR:
The Company is awaiting the Panel's decision with respect to its compliance with the $1.00 bid price requirement.
Usually, a company receives a compliance notice the day after they regain compliance (10 business days). In the PR, they state:
minimum of 10 consecutive business days, but generally for no more than 20 consecutive business days.
The minimum of 10 business days have been met, and the 20 business days is Jan 6, 2014. The compliance letter for the minimum bid price could be anytime between today and Jan 7. I don't know why Nasdaq is delaying the letter or waiting for possibly 20 days since they usually send the letter after 10 consecutive trading days.