New Nasdaq ATL $0.57. ASX equivalent SP: Nine-tenths of 1 cent. June 6 will mark one full month below $1 on Nasdaq, which should activate the 6 month warning before delisting. The question is when Yacov intends to make a $1 bid for shares so the company doesn't delist. If he lets the company languish for 6 more months, all the way to the finish line, his Buy Back Fund can buy back a lot more shares. Then at the close of the final day, he can make a bid for $100 to buy 100 shares. This will reset the clock. And then a day later, when the SP drops below $1, his delisting clock can start again.
GMV Price at posting:
3.9¢ Sentiment: None Disclosure: Held
