It means you get booted off certain stock markets, e.g., the NASDAQ. The company I used to work for kept doing reverse stock splits to raise their price above the dollar mark.

£1 Monday to Friday, £2 for the Sunday Times, about £1.50-ish for the Times on Saturday.

There's always the possibility of reducing the price once the paperback is issued.

Yes: the payment is based on the number of times the author's book are borrowed. However, the payment per loan is small and it's capped (last figure I recall is £6,000 pa).

Isn't that Bioshock?