Genesis can regain compliance with the minimum share price $1.00 if on the last trading-day of any calendar month, Genesis’ common stock has a closing share price and a 30 trading-day average closing share price of at least $1.00. Genesis’ compliance period has been extended until December 26, 2020.
Encouraging Earnings Conference Call on May 27, 2020
As we turn the corner toward recovery, we are also adapting our operating model to function for the long-term in a COVID environment.
We have seen a clear flattening of the curve over the past two weeks. Despite increased testing and therefore an expectation of more reported positive cases, the number of our centers reporting new cases of COVID-19 among patients, residents and employees is decelerating. While we are encouraged by this trend, we are in no way letting our guard down.
224 focused infection control surveys conducted during the pandemic by state and federal officials at our centers nationwide, 95% achieved a zero deficiency rate