Seelos Therapeutics Inc (SEEL): They now have until January 9, 2010 to m...

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Seelos Therapeutics Inc (SEEL)

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Re: BossTrader post# 1484

Tuesday, 03/24/2009 6:27:53 PM

Tuesday, March 24, 2009 6:27:53 PM

They now have until January 9, 2010 to meet the 1$ minimum trading requirement.

http://biz.yahoo.com/e/090324/nexm8-k.html

"However, because Nasdaq has suspended enforcement of this requirement until July 20, 2009, as of its announcement on March 23, 2009, the Company now has until January 9, 2010 to meet that requirement."

"Additionally, Nasdaq will provide notice that the Company's common stock will be delisted on January 9, 2010, unless the bid price of the Company's stock closes at $1.00 per share or more for a minimum of 10 consecutive business days prior to January 9, 2010."

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