Earlier this month, Nasdaq notified Sytroleum that it has until June 3 to regain compliance with the stock market's $1 bid price per share listing requirement or face removal. The company said it would comply, even if it had to reverse split its stock to artificially boost the share price.
Meanwhile, Syntroleum said it is “cautiously optimistic” for a favorable resolution of potential tax credit. The firm and its shareholders sure could use some good news.
Eagle & Beagle is a weekly look at the state's high-performing (eagle) and low-performing (beagle) stocks by Business Editor Don Mecoy.