The company will continue to monitor its market value of listed securities
during the 180-day compliance period and will consider, to the extent necessary, other options for regaining compliance with either the USD2.
This fee change clearly put us on the map in TSX-V listed securities
," noted Jos Schmitt, CEO of Alpha Group.
Jos Schmitt, CEO of Alpha Group, noted "Clearly market participants have started to realize that the benefits they experience when trading TSX listed securities on Alpha are also relevant when trading TSX-V listed securities.
Alpha Group comprises the leading Alternative Trading System for Canadian listed securities (Alpha ATS), and a data distribution plant for Alpha ATS market data.
This rule requires the Company to have a minimum of $2,500,000 in stockholders' equity or $35,000,000 market value of listed securities
or $500,000 of net income from continuing operations for the most recently completed fiscal year or two of the three most recently completed fiscal years.
This action is being taken as the NYSE completes the move of all listed securities
to its new Hybrid Market system later today.
BOSTON -- SatCon Technology Corporation[R] (Nasdaq GM: SATC) previously announced on September 1, 2006 that the Nasdaq Listing Qualifications Department notified the Company on August 30, 2006 that it failed to comply with the continued listing requirements of The Nasdaq Global Market because the market value of the Company's listed securities
had fallen below $50,000,000 for 10 consecutive business days.
BOSTON -- SatCon Technology Corporation(R) (Nasdaq NM: SATC) received a notification from the Nasdaq Listings Qualification Department that the Company has failed to satisfy a continued listing requirement of The Nasdaq Global Market because the market value of the Company's listed securities
has fallen below $50,000,000 for 10 consecutive business days pursuant to Nasdaq Marketplace Rule 4450(b)(1)(A).
NASDAQ: SIGA) disclosed today that on July 19, 2006 it received notice from the Nasdaq Stock Market ("NASDAQ") that for the last 10 consecutive trading days, SIGA's market value of listed securities
has been below the $35,000,000 minimum required for continued inclusion on the Nasdaq Capital Market under Marketplace Rule 4310(c)(2)(B)(ii).
The joint venture ("Egalite") will provide users a comprehensive services offering that will facilitate trades in blue chip securities through the EuroECN platform and trades in unlisted and illiquid listed securities
through the UnifiedMarket D3 Network(TM), a new global Financial Information Exchange Network(TM).