Nasdaq rules dictate a company is in breach if its shareprice spends more than 30 consecutive days below the $1.00 mark.
NewLead’s common stock had spent around 20 trading daysbelow that level after closing at $0.82 on 5 February.
The share price declined further to close at $0.59 each yesterdaybut the stock is now trading just below $6.00 after every 10 shares wereconsolidated into one.
The
