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.