Aug. 17 at 4:00 PM
$PSTV Just a heads up to everyone here so they don't potentially get rugged - I was bullish on this stock for their product and their potential catalyst this past week/weekend
Fact of the matter is PSTV still has to satisfy the requirement by the Nasdaq to trade above
$1 for 10 consecutive trading days - deadline of September 8
The board has already received approval to enact a reverse split - per Nasdaq rules they must inform the exchange MINIMUM 10 calendar days before the split is enacted, public receive a 2 day notice at that point (prior to enacting the split)
That leaves a deadline of sometime mid next week that an already approved reverse split action COULD occur to drive this stock into a price point where it is compliant, to ensure the company remains listed and continues operations
I'm not saying the r/s is guaranteed to occur, but if I was running a company I wouldn't be hoping organic movement would maintain our compliance price, I would act on it and would be foolish to not
