5810(c)(3)(A)(i) Global Select Market and Global Market
Bid Price is the only grounds on which the Company has received a deficiency notice. The Company has already announced its intent to cure the deficiency so based on conditions to-date it will move to Capital Market. No delisting.
"In the event the Company does not
regain compliance within the 180-day grace period and it meets all other listing standards and
requirements, the Company may be eligible for an additional 180-day grace period if it transfers to
the Nasdaq Capital Market.
The Company intends to cure the deficiency within the prescribed grace period."
If by "prescribed grace period" they meant only the one that ends October 15th then they should have done the reverse split by now, and since they didn't they did blatantly lie.
If instead they intended that "prescribed grace period" may include the additional 180 days, then we should be hearing sometime before October 15th that they are moving to Nasdaq Capital Market.
All statements need to be taken in context they were made. Those who invested in 2006 certainly were not stupid. And I love that GE invests in art, if it weren't for rich people supporting the arts we would have none. That is not a world I would want to live in.
Point being, it's more likely the more whiney posts we see from shorts, the closer we are to recovery.
Is he still calling investors "Stupid" and did he ever or was that a rumour? I remember that was a big complaint on this board in 2006 back when the stock was around $14 and just before it went over $100 in less than a year. Seriously I remember that. And ever since I wondered about it from time to time.