That would be true. However, the minimal impedance of the speaker can not be less than the DC resistance R. That is why it can not be less than one.
Here is the impedance curve of my two KEF B139s in my rear back lines.
Since there are two drivers, obviously you have to double the numbers for one driver. So the impedance does not drop below four ohms, for the two, so the minimum impedance for one driver is 8 ohms.
Now for some speakers, especially some very high priced ones, that are incompetently designed, the impedance does drop below the DC resistance of the drivers.
This is absolute evidence that the crossover is in electrical resonance. Those speakers are amp busters and lousy speakers to boot. This is particularly prevalent in very high priced boutique speakers, by designers who have eyebrows for brains.