Luminent Notified by NYSE of Non-Compliance With a Continued Listing Standard
5:15p ET January 15, 2008 (PR NewsWire)
Luminent Mortgage Capital, Inc. (the "Company") (NYSE: LUM) today announced that on January 9, 2008 the Company received a letter from the New York Stock Exchange, or the NYSE, advising it that the Company was not in compliance with a NYSE continued listing standard applicable to its common stock. That standard requires that a listed common stock maintain an average closing stock price of over $1.00 per share of common stock for 30 consecutive trading days.
Guess the day trader short sellers ought to be proud of themselves for this?? What do the rest of you "investors" out there think?
