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Stock impact report

Precipio CEO Issues Shareholder Update Letter

Precipio, Inc. (PRPO) 
US:NASDAQ Investor Relations: precipiodx.com/investors.html
Company Research Source: GlobeNewswire
NEW HAVEN, Conn., March 11, 2019 (GLOBE NEWSWIRE) -- Specialty diagnostics company Precipio, Inc. (NASDAQ: PRPO), issues the following letter from CEO Ilan Danieli. Dear Shareholders, Following our recent quarterly conference call, I would like to provide additional information on three key topics: Nasdaq compliance strategyCapital raise philosophyManagement (insider) stock acquisition 1. Nasdaq Compliance Strategy The management team’s goal to protect and preserve shareholder value remains in focus at all times. As we face the deadline to achieve compliance with the US$1.00 minimum bid price requirement by March 25, 2019, management and the board continue to strive to either avoid a reverse split, or at least to minimize the reverse split ratio. Our intention is to utilize the Nasdaq delisting hearing appeal process in order to do so. Once a listed company receives a delisting determination letter from Nasdaq, it can choose to appeal that determination. The process involves Show less Read more
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