November 22, 2016 7:57am
MATERIAL events must be disclosed in a timely basis, not the end result - Embellishment SPIN Award is granted!
Biostage had received a continued listing deficiency notice from The NASDAQ Stock Market LLC because its share price has not met the $1.00 minimum closing bid price requirement for 30 consecutive business days [Nasdaq Listing Rule 5450(a)(1)] – WHEN?
NASDAQ has provided BSTG with a 180-day compliance period, until May 17, 2017.
The Bottom Line: Shouldn’t investors been NOTIFIED when the initial letter was received; we all understand that a “grace” period is awarded to comply.
WHY, the event non-report and resulting embroidery?
Anything else hidden away ...?