"Most of you probably remember the delisting trouble SCO got
into because they failed to timely file their 10-K back in 2005.
The same story will show up again soon, but this time for another
reason: the stock price is too low to meet Nasdaq's
"Nasdaq regulations require that for a stock to stay listed, it
needs to be traded at a minimum price of $1.00. You can find out
more about the regulations here. The relevant quantity here is the
closing bid price, which is the last price a potential buyer
offered for the stock. While the bid price may differ slightly from
the closing price, it is still a reasonable indicator..."