Violin Memory Inc. (fka VMEMQ)

[eastunder]

Do you think it's because their six months were up?

I didn't realize NYSE and Nasdaq had different rules with delisting. That NYSE is stringent? Sounds like they would have proceeded with delisting? Nasdaq would have applied more time.

1-8-2006 was the notice date:
That gave them until July 8th.


We have six months following the receipt of the NYSE’s non-compliance notice of the Share Price Listing Requirement to cure the deficiency and regain compliance and, if we fail to do so, our common stock will be subject to the NYSE’s suspension and delisting procedures. We can regain compliance at any time during the six-month cure period if our common stock has a closing price of at least $1.00 per share on the last trading day of any calendar month during the six-month cure period and an average closing price of at least $1.00 per share over the 30 trading-day period ending on the last trading day of that month. We also may determine to remedy the non-compliance by taking action that will require stockholder approval, such as a reverse stock split, in which case our common stock will continue to be listed pending stockholder approval no later than our next annual meeting of stockholders and the prompt implementation of such action thereafter


Personally a 1/4 ain't bad. ;) Could have been worse!