ORGO: Up 1261% - The Screwing is Scheduled for Tomorrow

The Decision also indicated that, based on the plan of compliance presented by the Company at the hearing held on December 13, 2018, the Panel had granted the Company’s request for the continued listing of its Class A common stock on The Nasdaq Stock Market. Pursuant to the Panel’s decision, on or before March 31, 2019, the Company is required to demonstrate to the satisfaction of Staff and the Panel that it has a minimum of 300 round lot common shareholders and that it otherwise meets all applicable requirements for listing on Nasdaq.,

In furtherance of the Panel’s decision, the trading halt of the Company’s Class A common stock, which was initiated on October 30, 2018, will be lifted at the open of the market on January 8, 2019, at which time the Company’s Class A common stock will resume trading on The Nasdaq Capital Market. The halt will be lifted notwithstanding the Company’s non-compliance with the round lot shareholder requirement for its common stock to allow the Company to execute its plan of compliance.
Although the Company is taking definitive steps to timely evidence compliance with the terms of the Panel’s decision, there can be no assurance that it will be able to do so and, in the event the Company is unable to demonstrate to the satisfaction of Staff and the Panel that it has a minimum of 300 round lot common shareholders and that it otherwise meets all applicable requirements for listing on Nasdaq by March 31, 2019, the Company’s Class A common stock would be subject to suspension and delisting. In addition, the Decision is subject to “call for review” by the Nasdaq Listing and Hearing Review Council (the “Listing Council”), on its own motion, for 45 calendar days following the date of the Decision. In the event the Listing Council calls this matter for review, it may affirm, modify or reverse the decision of the Panel.