2nd split doesn't help
Another reverse split doesn't help them, as they are also below the $50 Million market cap number which also triggers a delisting.
Violin Memory’s stock is slowmo crashing, and is now down to $0.35; it was $0.65 on October 11. This values the company at just $8.85 million. The firm’s market capitalization was $20.24m on September 26, $31.3m in early May, and $76.5m in February – there has been a decline of around 88 per cent in value since then. Violin …
Why even care if they are listed anyway. One of the first companies i worked for got deliated probably in 2001. They are still alive (no idea how) and still trading on pink sheets? Something like a dime a share. When i was hired in 2000 my options were in the 5 dollar range. It never saw 5 dollars again after I was hired. Fortunately for me I never bought the stock.
Just delist and get it over with
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