No, that is simply not true. Companies are NOT required to have 2 quarters of cash on hand. They simply have to answer a few extra questions in their 4C if they don't.
This happens ALL THE TIME, just as it did with NUZ last quarter.
There is no provision to automatically suspend a company if they don't have 2 quarters of cash.
The quarter ends 30 June but the 4C is due end of July.
NUZ Price at posting:
16.5¢ Sentiment: Buy Disclosure: Held
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