SPPL stock faces significant challenges due to Nasdaq non-compliance, with stockholders' equity at $950,980, far below the $2.5 million requirement. Bulls may argue that if the company successfully submits a compliance plan by March 3, 2025, and secures an extension, it could stabilize and potentially recover. However, without immediate financial improvements or strategic actions, the stock remains under pressure, making a bullish view speculative at best.