So what's up with the Nasdaq listing requirements? They got a warning June 30, and have till Dec. 27 to raise the price above $1. What's your guess: reverse split, sudden great news next week, or delisting?
"As a result, on November 1, 2006, the Company received a letter from Nasdaq informing it that they had determined, based upon the above described action and subject to proper disclosure, that the Company had regained compliance with the Rule and that the matter was now closed."
It appears from the wording that no threat of delisting exists anymore - however, Yahoo still indicates non-compliance with Nasdaq listing requirements. Comments anyone?
That is a totally different matter! It seems you read as badly as your stock analysis.
Anyways as regards the bid price rule they have till dec 27th to regain compliance. However that is customarily extended by 6 months so we dont have to worry about delisting till June 07. By then INNO should be making profits so we should not have to bother of delisting after June either!