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A well known mid-Atlantic company was running into trouble with the New York Stock Exchange (NYSE). Its stock price had fallen below $1.00 per share
A well known mid-Atlantic company was running into trouble with the New York Stock Exchange (NYSE). Its stock price had fallen below $1.00 per share and a requirement to be listed on the NYSE is that a company's stock must self at $1.00 or higher. otherwise the stork can be "de-listed" (This is a true story, by the way). One way the company could get back into the good graces of the NYSE would be to: Worth 2 points O Split the stock 2 for 1.; O Increase their debt ratio O Perform a 1 for 2 reverse stock split O Legally there is nothing they can do
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