Jun. 5 at 1:37 AM
$WOK Again, they have to fall below
$1 and stay there for 10 days to trigger delisting under the bid price rule with no grace period.
They’ll just reverse again, bringing the share price back up above
$1, and they’re back in compliance / golden again.
Nasdaq can impose hypothetical listing consequences, but the sole determinant of how many reverses and company can execute, and how reductive those reverses can be, is the shareholders.
They received approval for a cumulative reductive of up to 1:4000 over a two year period in February, and haven’t used any of it yet.
But they will …
