They need show improvement In these 3 areas. would show confidence and may bring the stock up to $1
Huge problem, If they did not sell the shares needed to satisfy the 1st delisting notice. Royl will not be allowed to reverse split. This can result in a immediate delisting Hope for the best
56 pm Royale Energy announces receipt of NASDAQ notification regarding listing requirements; co intends to request a hearing (ROYL) : Co announces that, on October 6, 2015, it received a letter from the NASDAQ Listing Qualifications Staff of The NASDAQ Stock Market notifying the Company that the Staff has determined that the Company is non-compliant with the stockholders' equity, majority independent director and audit committee requirements for continued listing. As a result of the foregoing, the Company's securities would be subject to delisting unless the Company requests a hearing before the NASDAQ Listing Qualifications Panel by October 13, 2015. The Company intends to timely request a hearing before the Panel at which it will present its plan to regain and thereafter sustain compliance with all applicable listing requirements. The Company's securities will continue to be listed on The NASDAQ Capital Market pending the completion of the hearing process and the expiration of any extension granted by the Panel
Hope you feel better toooo. Have a glass of wine when your battle is over.
the share increase is for the disaster save, there is a problem they have made the quotas they need the additional for the split to save it. Loose your #$%$ two days before the split put in a buy lets say 50,000 shares add 12% value and put your sell in for 85% of the shares the day of the split. always a jump that is the min. its a computer buy danger for day traders Kill It. save the 15% for a 25% or higher jump.
November 19, 2015
Royale Energy, Inc.
3777 Willow Glen Dr.
El Cajon CA 92019
Matters to be Voted on:
An amendment to our amended and restated articles of incorporation to increase the number of authorized shares of our common stock from 20,000,000 to 30,000,000;
An amendment to our amended and restated articles of incorporation to effect, at the discretion of the board of directors, a reverse stock split of all of the outstanding shares of our common stock at a ratio of not less than 1-for-1.5 and not greater than 1-for-5 shares; and
T he transaction of such other business as may properly come before the meeting and any adjournment thereof.
Who May Attend and Vote at the Meeting
Shareholders of record at the close of business on September 30, 2015, and valid proxy holders may attend and vote at the meeting. If your shares are registered in the name of a brokerage firm or trustee and you plan to attend the meeting, please obtain from the firm or trustee a letter or other evidence of your beneficial ownership of those shares to facilitate your admittance to the meeting.
This proxy statement and the accompanying proxy form are being mailed on or about October 16, 2015, to shareholders entitled to vote at the meeting.
By Order of the Board of Directors,
Chief Executive Officer
Date: October 16, 2015
The second notice is what going to screw the stock holder, sell before the reverse split arrives.
sure, they have private money involved with a little more control. problem is you have to catch all this action on the pink sheets
Up and above the original number needed too save it from delisting. Problem is they will sell 10 times that amount than reverse split
they are selling the #$%$ out of it
It appears new deep pocket investors may be moving in, I would recommend, Buy this stock for a quick 20% profit if not more
Sentiment: Strong Buy