drkoop.com Considers Reverse Split to Keep Nasdaq Listing - TheStreet

drkoop.com Considers Reverse Split to Keep Nasdaq Listing

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Troubled online health company

drkoop.com

(KOOP)

plans to call a special meeting of stockholders to vote on a reverse stock split, as the company has been notified by

Nasdaq

that its shares have been trading below the minimum bid price of $1 for 30 trading days.

drkoop.com, which is based in Austin, Texas, posted a wider-than-expected third-quarter loss in October. The company also set plans to cut about 33% of its work force, along with naming a new management team in August.

Shares of the company were lately at 41 cents, down 23.5% in trading on the

Nasdaq

.