Today is day number 25 that CCi has closed under $1. I do believe that this is the least of their worries. At the closing price, 0.33, the stock would need more than a triple to close above $1. If COCO does not more than triple in the next 5 trading days, then we start the correction period.
4 replies (most recent on top)
http://wiki.fool.com/Delisting_Process_for_the_NASDAQ
NASDAQ rule violation.
could you explain why it is important for the stock to close above a dollar within the next five days?
I'd by a share today, and if it triples I'll have a buck