Incorrect Sen 'If a company’s stock’s minimum bid price remains...

Incorrect Sen
'If a company’s stock’s minimum bid price remains below $1 per share for 30 consecutive trading days, Nasdaq will promptly send the company a deficiency notice. Nasdaq rule 5810(b) requires a company that receives a deficiency notification to make a public announcement that discloses receipt of the notification, identifies the Nasdaq rule(s) upon which the deficiency is based, and describes each specific basis and concern identified by Nasdaq in reaching its determination that the company does not meet the listing standard.

Next question - 'IMU share price is 14c (less USD conversion) and so does not meet the minimum listing price of $1 USD.....enter stage left ADR's.... American depositary receipts, or ADRs, arestocks that trade on U.S. exchanges but represent shares in a foreigncorporation. That means they give American investors a simple way to invest inpotentially international companies.

An ADR can represent a one-for-one exchange with the foreign shares, a fraction of a share, or multiple shares. This is one major way in which traditional U.S. stocks differ from ADRs. This is an important consideration, so let's go through an example.
Assume country A (the foreign country) has an exchange rate with the U.S. of $0.25, meaning one foreign currency unit is worth $0.25 in U.S. dollars. Assume company ABC Corp.'s stock trades on country A's exchange for one unit per share (or $0.25 per share in U.S. dollars). When ABC Corp. is made into an ADR, it couldhave 100 shares packaged into the ADR. Then, this ADR would trade on a U.S.exchange for $25.If you don't look carefully, you may not realize that the underlying foreign stock is actually "worth" $0.25 per share, not $25.
For example, if an ADR's conversion ratio were 100 to 1, then a single ADR share would represent 100 shares of the underlying security.