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SAVİENT PHARM AŞ Message Board

  • kg2931 kg2931 Apr 16, 2013 2:41 PM Flag

    SVNT "October 7, 2013" - 180 days regain NASDAQ Compliance

    Per the news release wording we have:

    "180 calendar days following the date of the notification (that is, prior to October 7, 2013) the closing bid price of the Company's common stock is at or above $1.00 per share for a minimum of 10 consecutive business days, the Company will regain compliance"

    Unless the entire Market crashes, October 7th should be a walk in the park... kg

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    • If you are going to post anything like this, please post everything (or are you short?).
      They may have a total of 360 days from April 8, 2013.

      "The Company may receive an additional 180 day grace period (a total of 360 days from April 8, 2013) to regain compliance with the Minimum Bid Price Requirement provided that the Company is then in compliance with the initial listing standards for The NASDAQ Capital Market, other than the Minimum Bid Price Requirement. Alternatively, the Company may appeal NASDAQ's determination to a NASDAQ Hearing Panel at such time as it receives any notification that it has no further grace period."

      Sentiment: Strong Buy

      • 1 Reply to kampaa_kampa
      • Nice catch kamp! I didn't read all of the news release so didn't see that which you've additionally posted. Thx! Guess I didn't read that far into the release because I already knew from experience that we have 180 days. But I'd forgotten about the 360days. So, this is good! We've got even more time! Of course I'm not a "short". That's cutting below the belt kampy.... kg