RE:RE:RE:RE:RE:RE:Some actions in NasdaqI'm my source. I've worked with companies listed on NASDAQ. There is a requirement to maintain a minimum listing price of at least $1.00US. In the event that a company's share price closes at under $1 for 30 CONSECUTIVE trading days, a deficiency notice will be sent. It only takes one day closing at $1 or greater to break the string of 30 consecutive trading days.
Even if Burcon received a deficiency notice, it does not mean that they would be delisted. There is a long cure period. But it does means that they would receive a deficiency notice from NASDAQ and they would be required to press release that notice. This company doesn't need to release any more bad news right now...