00 for a minimum of ten consecutive days and that the Company's non-compliance with the listing requirement
announced on October 30, 2006, has been rectified.
As part of its appeal to a Nasdaq Listings Qualifications Panel to remain listed on the Nasdaq National Market, Wave has submitted a plan to implement this reverse stock split for purposes of regaining compliance with that market's $1 minimum closing bid price continued listing requirement
The Company applied to transfer from the National Market to the Capital Market after it received a letter from Nasdaq notifying the Company that it was not in compliance with the National Market listing requirement
for stockholders equity.
Nasdaq had previously granted an exception to its listing requirements
which expires on March 13, 2018.
27 if it couldn't come into compliance with listing requirements
This press release contains forwardeAElooking statements regarding the Company's plans to regain compliance with the Nasdaq listing requirements
Changes in listing requirements
will make it harder for many small, publicly traded companies to get on or stay listed on Nasdaq's OTC Bulletin Board.
Nasdaq: MEAD), today announced that it has been advised by the Nasdaq Listing and Hearing Review Council that it has regained compliance with Nasdaq listing requirements
and that the company will continue to trade on the Nasdaq Global Market.
Other conditions stated in the letter require that "the Company must be able to demonstrate compliance with all Nasdaq continued listing requirements
NASDAQ:DELL) announced that the company received, as expected, a NASDAQ Staff Determination letter on December 15, 2006, indicating that the company is not in compliance with the NASDAQ continued listing requirements
set forth in Marketplace Rule 4310(c) (14).
EST, the Company will attend a hearing before an American Stock Exchange ("Amex" or the "Exchange") Listing Qualifications Panel (the "Panel") to present its plan of compliance with the Amex continued listing requirements
and request continued listing on the Amex.
Omtool to provide plan to achieve and sustain compliance with The Nasdaq Capital Market's listing requirements