"There's something other than just shame facing stocks struggling to stay above $1: getting booted from their stock market. After months of suspending requirements that stocks stay above $1, both the Nasdaq and New York Stock Exchange are cracking down. On Aug. 3 both reinstituted the rule, saying stocks that don't trade above $1 for 30 consecutive days will begin the delisting process."
Monday, October 05, 2009
Nearly 200 stocks could be delisted from NYSE, Nasdaq - USATODAY.com: