The stock will continue to trade on the NASDAQ Small Cap Market
pending the outcome of the appeal process.
Based thereon, the Panel determined to continue the listing of the Company's common stock on the Nasdaq Small Cap Market
subject to terms of an exception to the listing requirements, which include, without limitation, certain additional requirements as to filing of preliminary and definitive proxy statements and the holding of the Company's annual meeting of shareholders.
Its move from the over-the-counter electronic bulletin boards to the Nasdaq Small Cap market
represents a planned progression the company has been following since it became a publicly traded entity through a reverse merger with an existing company, Paul said.
The company said that the move of World Airways' listing from the Nasdaq National Market System to the Nasdaq Small Cap Market
better suits World Airways' capital and equity structure, and is a result of Nasdaq's comprehensive review of listed companies against its recently revised listing requirements.
Our management in an effort to protect the integrity of our shareholders investment has adopted a Shareholders Integrity Plan ("SIP") and makes provisions to move to NASDAQ Small Cap Market
We believe that Technor's becoming a reporting company and ultimately listing on the Nasdaq Small Cap market
will benefit our stockholders by deepening the trading market for our securities and ultimately providing our stockholders with increased liquidity for their investments," says Peter Henricsson, President and CEO of Technor.
BVR Technologies further announced that it was informed today by the Nasdaq Small Cap Market
that trading in shares of BVR Systems will commence in that market tomorrow on a "when-issued" basis, under the temporary symbol "BVSFV".
In connection with the deregistration, Badger Paper Mills also is taking action to have its common stock delisted from The Nasdaq Small Cap Market
PacificNet has been trading on the NASDAQ Small Cap Market
under the symbol "PACT" and will retain this symbol.
Southwest Community Bancorp (OTCBB:SWCB) today announced that its application for listing on the NASDAQ Small Cap Market
has been approved.
27 /PRNewswire/ -- Partners Oil Company's (Nasdaq Small Cap Market
: PAROC) common stock will continue to be listed on the Nasdaq Small Cap Market
via an exception from the capital and surplus requirement, the company said today.
NASDAQ:MDII) today announced that it had submitted an application and has been approved for listing of its common stock on the Nasdaq Small Cap Market