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Raytel hangs on to listing
June 20, 2001
Raytel’s one-for-three reverse stock split in May had the desired effect. The company narrowly escaped delisting from the Nasdaq smallcap. Raytel met Nasdaq requirements by keeping its stock price above $1 per share for 10 trading days following
Raytel’s one-for-three reverse stock split in May had the desired effect. The company narrowly escaped delisting from the Nasdaq smallcap. Raytel met Nasdaq requirements by keeping its stock price above $1 per share for 10 trading days following the split. On June 12, Raytel closed at $2.30.