Several dry bulk carriers listed on Nasdaq in New York are approaching the edge that will trigger a warning from the US Securities and Exchange Commission (SEC) if their share value drops to less than one USD, which could, in the worst case scenario, lead to a delisting for the carriers.
Greek-controlled Euroseas became the first carrier on the US stock exchange to receive a warning about the company's weak share price at the beginning of 2015, as the carrier's share has hovered below one USD for 30 consecutive trading days.
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