Jan. 29 at 3:55 PM
$DVLT $SCLX $SRNE Keeping tabs on the anticipated downward movement of this company and as item to address today is the possibility, again, possibility, of receiving another NASDAQ Deficiency Notice for noncompliance with the minimum bid price per Rule 5550(a)(2) as in below
$1.00 for 30 consecutive days. Correct me if I'm wrong but it appears the clock started again on Jan 9 (Jan 8 was last close above
$1.00). So...including today, believe the stock is 13 days into the 30 day period and per rule noted, NASDAQ would likely issue a new deficiency letter, giving the company 180 calendar days to regain compliance. Keep in mind that Q4 earnings should be announced with a month or so and I am 100% that Nate miscalculated revenue by an extreme amount...YTD Q3 rev was ~
$5.278M so Q4 would have to be in the area of
$24.7M to meet the minimum of revised lower mark of
$30M. DYODD, corrections welcome, NFA, do your own thing. Have a wonderful day.