Phil-v: But can anyone comment on the $12-$15 required stock price to "keep us on the NASDAQ"? This is a much higher stock price than what had been discussed previously.

It's a buffer to the downside in order to "guarantee" that the share price will stay above Nasdaq's magic limit during the 90-day period in any case or at least with a very high probability. With, say, $7 or so you couldn't be sure at all.