SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Microcap & Penny Stocks : Global Intellicom--Symbol GBIT
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Ron Harvey who wrote (742)8/25/1998 8:27:00 AM
From: David E. Meyer  Read Replies (1) of 1096
 
De-listing requirements and procedures:

According to Nasdaq, a company is out of compliance with Nasdaq if the closing bid is below $1.00 for 30 consecutive trading days. The company is then given 90 additional days to come back into compliance. In order to regain compliance the closing bid must be at $1.00 or above for 10 consecutive days. If the company is still not in compliance after the additional 90 days Nasdaq issues a letter to the company giving notice of de-listing. The company has 5 days to appeal this decision to Nasdaq. Nasdaq will not de-list the company while an appeal is pending. The appeal process is as follows: - The company may elect to make an oral presentation or participate in the hearing process via written submission. - A Nasdaq Listing Qualifications Panel ("Panel"), comprised of two industry practitioners approved by the Board of The Nasdaq Stock Market, will review the case and render a decision. The panel may grant an exception or deny continued listing. - Determinations by the Panel may be appealed to the Nasdaq Listing and Hearing Review Committee ("Review committee") within 15 days of the Panel's decision. An appeal to the Review Committee does not operate as a stay of the decision of the Panel. - The Review Committee may affirm, modify, reverse, dismiss or remand the Panel's decision. - The Nasdaq and NASD Boards at the discretion of any Board member may review any determination of the Review Committee. - Any final decision may be appealed to the U.S. Securities and Exchange Commission.

I hope this helps.

Dave M.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News