Originally Posted by
ERAUAV8R
stock price means nothing. We have lots of planes and cheap tickets. Plus word of mouth is our best advertisement. The planes are new and our destinations are good. As long as the weather behaves and doesn’t storm much. It’s a rough time in the industry for everyone.
actually to remain "listed" on the stock exchange, and maintain a viable financial position with lenders and banks, a corporation indeed needs to maintain a minimum stock price. I believe the NASDAQ requires $3 over XXX months or something, not sure. There is lots of fine print and legaleze regarding listing.
However a de-listed company can have problems raising additional money, as "stock price" often = reputation and credibility for lenders and investors.