Therefore, unless the company files an appeal, its stock will be delisted from the Nasdaq and placed on the OTC Bulletin Board, an exchange with less stringent listing requirements
and, thus, fewer traders.
Though it may sound like a genuine stock market, the Nasdaq bulletin board has no listing requirements
and few hard and fast rules.
We're pleased to be back in compliance with Nasdaq's listing requirements
and to be able to focus our full attention on executing the Company's strategic plan to return to profitability," said Steve Muellner, president and CEO.
The Company expects to be able to comply with Nasdaq continued listing requirements
The company previously announced the receipt of a NASDAQ Staff Determination letter on September 15, 2006, indicating that the Company was not in compliance with the NASDAQ continued listing requirements
set forth in Marketplace Rule 4310(c) (14) due to the delay in the filing of its Form 10-Q for the fiscal second quarter ended August 4, 2006.
To facilitate this review, Nasdaq requested that Omtool provide, on or before December 4, 2006, a plan to achieve and sustain compliance with all the listing requirements
of The Nasdaq Capital Market, including the time frame for completion of the plan.
Co The board of Medicover has decided to call an extraordinary general meeting on 9th November 2006 to decide on a de-listing as a consequence of that the company does not comply with the listing requirements
for the Stockholm Stock Exchange's regarding diversification of the shareholder base
In addition, OMX also launches several other initiatives that are central to the innovation process on the Nordic financial market, including Nordic indexes, Nordic information offering and harmonized listing requirements
The Company was asked to submit a plan by September 15, 2006 to show how it will meet full compliance with the NYSE Arca continued listing requirements
no later than 18 months from the date of the original notice of August 23, 2006.
quantitative continued listing requirements
set forth in Rule 5.
If CAIT has not satisfied the Exchange's listing requirements
by September 5, 2006, CAIT must submit a compliance plan to the Exchange by September 5, 2005 that demonstrates its ability to regain compliance by October 5, 2006.