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nlightn

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nlightn

Re: None

Friday, 12/11/2015 4:49:21 PM

Friday, December 11, 2015 4:49:21 PM

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CRDC,...Cardica faced delisting from Nasdaq on December 17
Dec 11, 2015

Nasdaq notifies thinly traded nano cap Cardica (NASDAQ:CRDC) that it will be delisted from trading at the open on December 17 due to its failure to achieve a minimum bid price of $1 (today's close was $0.14).

The company can stay the delisting by filing an appeal with the Hearings Panel no later than December 15, which the company did on December 11.

According to the company's most recent 10-Q, there are 88.9M shares outstanding so a 1:10 to 1:20 reverse split is an option.

invest at your own risk, based on your own due diligence, at your own risk tolerance

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