Electra Battery Materials Corp V.ELBM

any news re:

[plumena3]

``If at any time before March 19, 2024, the bid price of the common shares closes at or above US$1.00 per share for a minimum of 10 consecutive business days, the Company will regain compliance with the Minimum Bid Requirement. If the Company does not regain compliance with the Minimum Bid Requirement by March 19, 2024``

[MTwallet]

They applied for an extension. 

[used2blongonprp]

Why are you posting this on a bulletin board, Trent, instead of putting out a PR?  

[dothemathpeople]

Seems odd that they would get one tho.  They are FAR off form the necessary moving average, and way off of the required $1 USD bid.  ALL that work they did AND that massive roll back, just to GET on the NASDAQ.  Then Trent sold ALL his shares north of $6/share.  Since then, nothing but bad news, delays, no money, nor true progress.  Glencore not biting, but taking large

[greenstar1]

Does anyone think it matters if Electra loses its NASDAQ listing? What benefits did it provide so far? The share price tanked since the listing - a disaster and reverse split for what? Maybe being TSX only is good enough for this play.

[NatureBoy]

What might matter more is sacking Trent Mell. His management team should at least have the professionalism to communicate a plan of action to recover what otherwise will surely be loss of NASDAQ listing. Share price has tanked, not because of NASDAQ listing, but because of management failure at the helm.