Scott, registration statements are filed with the SEC, not NASDAQ. FTE has yet to file any registration statements with the SEC. Given that 6 months have now passed since the Benchmark acquisition, those shares are now free-trading under Rule 144 so I'm not sure whether NASDAQ would still want to see a registration statement filed. Same goes for the shares issued in the private placement through Laidlaw last year around this time.
My hunch is that Nasdaq has in fact not required a registration statement to be filed for these shares, since if they had asked for this, one would think that the company would have filed this prior to the reverse split, since it takes anywhere from 3-10 weeks to get these things approved by the SEC.
Its great to see the stock price come roaring back after the initial knee-jerk hit this morning. I was traveling so I couldn't pull the trigger on any new buys. Probably just as well since I already own too much of this thing as it is.
At this point I'm thinking that the Nasdaq has told the company that if they keep a bid price > $3 for 10 straight trading days they can be listed. So since today is day #1, that period would end on Friday 11/17. They can file a 5 day extension to file their 3Q 10Q on 11/15, which would then allow them to issue a PR on Monday morning 11/20 that would hopefully say, effective with the opening of trading that day, they are listed on Nasdaq, and then issue the 3Q 10Q after the close of trading that day, together with a PR. In that PR, I'm betting (hoping?) they also give guidance on 4Q revenues.
