just 3 more days for the big boys to have tax loss selling, if they are not done by now. almost time to load up
For NASDAQ CM-listed companies, the minimum is $1.00 per share. If an issuer falls below this minimum for 30 consecutive days, they will typically receive a letter from The Nasdaq Stock Market letting them know that they have 180 days to resolve the deficiency (in the case of the minimum bid price rule, that means trading above $1.00 for 10 consecutive trading days).
If, after the 180 day period, the issuer has not resolved the deficiency, it will receive a Delisting Determination Letter. The issuer then has 7 days to request a hearing on the determination. If the issuer’s request is complete, the hearing is usually scheduled 30 to 45 days from the request, during which no delisting action will be taken.