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Technology Stocks : WAVX: Wave Systems Corp.
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From: TREND12/9/2009 10:48:14 AM
   of 604
 
***** Posted by: Blue Fin Date: Monday, February 09, 2009 10:21:44 AM
In reply to: None Post # of 175181

Interesting info about Bid price rule.

Form 8-K for WAVE SYSTEMS CORP

biz.yahoo.com

While the Panel has determined to continue Wave's listing on The NASDAQ Capital Market based on compliance with the $35 Million Market Value Rule, Wave remains required to gain compliance with the $1.00 minimum closing bid price listing requirement of The NASDAQ Capital Market (the "Bid Price Rule"). Based on The NASDAQ Stock Market's suspension of the enforcement of the Bid Price Rule, Wave has until on or about August 14, 2009 to gain compliance with the Bid Price Rule ("Compliance Period"). If Wave does not gain compliance with the Bid Price Rule by the end of the Compliance Period, Wave may be subject to delisting or may be entitled to an additional 180 day period if Wave meets the other initial listing requirements of The NASDAQ Capital Market at the end of the Compliance Period.

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