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A good article here on minimum price requirements on NYSE. Would...

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    A good article here on minimum price requirements on NYSE. Would they want a 1:1 ratio that might put the price close to the minimum $1 level, or better to have a ratio that gives the US price more of a buffer?

    http://classroom.synonym.com/happens-stock-falls-below-1-nyse-10639.html

    excerpts from the article:

    "You can buy stocks that cost $1 or more per share on the New York Stock Exchange. Stock prices fluctuates throughout the trading day, and can be checked on the NYSE website. However, for a company to keep trading on the NYSE, it must meet the exchange’s minimum stock price rules. As long as a company’s stock price remains at or above $1, the shares keep trading on the exchange. However, if the price falls below $1 for too long, the company risks having its stock delisted."

    Minimum Stock Price

    Just because a stock’s price falls under $1 doesn’t mean that buying and selling stops. The stock can sell for under $1 a share for 29 consecutive trading days and still be safe from delisting. However, it must sell for $1 or more on day 30. If the stock sells for under $1 a share for 30 consecutive days, it's in violation of NYSE minimum price regulations.

    Initial Price Violation Notice

    The NYSE notifies the company if the stock price remains stuck under $1 a share for 30 or more consecutive days. The company has only 10 days from the day it receives the notice to tell the NYSE what it plans to do. The company has the choice of getting the stock price back up or being delisted from the exchange, and must submit a plan to the exchange explaining how it will increase the stock price. If the company opts for delisting, the NYSE can suspend the stock’s trading and start the delisting process
    Last edited by gdday: 29/03/15
 
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