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News Focus
Silver North Intersects 1.83 metres True Width of 1,088 g/t Silver, 3.90 g/t Gold (click to learn more)
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Bullboard - Stock Discussion Forum FormerXBC Inc XEBEQ

Industrials
Xebec Adsorption Inc designs, engineers, and manufactures products that are used for purification, separation, dehydration, and filtration equipment for gases and compressed air. The company operates in three reportable segments: Systems, Corporate and other, and Support. Its product lines are natural gas dryers for natural gas refueling stations, compressed gas filtration, biogas purification,... see more

GREY:XEBEQ - Post Discussion

FormerXBC Inc > Don't be surprised when this happens
View:
Post by tamaracktop on Sep 28, 2022 8:51am

Don't be surprised when this happens

a letter from the Listings Qualifications Department of the Nasdaq Stock Market LLC ("Nasdaq") notifying the Company that it is not in compliance with Listing Rule 5550 (a)(2), which requires the listed securities of the Company to maintain a minimum bid price of US$1 per share. The Company has not met this requirement for a period of 30 consecutive business days.
Comment by tamaracktop on Sep 28, 2022 9:00am
The Company has a compliance period of 180 calendar days to regain compliance with Nasdaq's minimum bid price requirement. If at any time during the compliance period the Company's closing bid price is at least US$1 for a minimum of 10 consecutive business days, Nasdaq will provide a written confirmation of compliance and the matter will be closed. In the event the Company does not regain ...more  
Comment by Resilience19 on Sep 28, 2022 10:21am
Yup... Last time XBC was at USD 1.00 or higher was around May 12th, meaning the 180 day comes up around mid-Nov. Given the current sp is in the USD 0.30s it's likely that it will take some time before XBC heads back to the USD 1.00 mark. Increasingly looks like a Reverse Split (RS) scenario...perhaps at a 5:1 ratio?
FormerXBC Inc