The whole reason for their Share Reconstruction( read do or die)...

The whole reason for their Share Reconstruction( read do or die) last year was to avoid being kicked off Nasdaq. Any share falling under $1.00 and you become a "pink slip" on the OTC. I recall management at the time saying it had no option but to satisfy Nasdaq's $1.00 rule.
Then the SP was $US 1.58 , it closed on Friday @$1.80. If we take out $1.58 then expect Nasdaq to act.
Fund managers won't go there and major SH's sell at the mere sniff of a stock being sent to this hospice.

BTW, I'm fascinated by the sudden emergence of posters saying re financing is on. Does someone know something?