POETs Nasdaq days are numbered? How long before shear holders need to add another worry to the ever expanding list of worries?
A stock listed on the Nasdaq must maintain certain minimum requirements to remain listed. Specifically, there is a minimum bid price requirement, which is set at $1 per share. If a company's stock trades below this threshold for 30 consecutive trading days, Nasdaq will issue a deficiency notice to the company.
Upon receiving this notice, the company has a 180-calendar day grace period to regain compliance. To do so, the stock must have a minimum bid price of $1 or more for at least ten consecutive business days within this period. If the company fails to meet these requirements, it is subject to delisting according to Nasdaq's rules.