Biotech Values

[DewDiligence]

eXegenics finally delisted:

[R.I.P.]

http://biz.yahoo.com/iw/041013/074157.html

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Nasdaq Panel Renders Determination on Listing of EXEG

PITTSFORD, NY--(MARKET WIRE)--Oct 13, 2004 -- eXegenics Inc. (NasdaqSC:EXEG - News) announced that Nasdaq has notified the Company that a Nasdaq Listings Qualification Panel has rendered an opinion that the Company's securities will be delisted from The Nasdaq Stock Market effective with the open of trading on Thursday, October 14, 2004. The Company's securities will not be immediately eligible to trade on the OTC Bulletin Board given that the Panel has determined that such delisting was based upon concerns under Nasdaq Marketplace Rule 4330.

Commenting on the Panel's determination, David Riggs, CEO of eXegenics, said, "Unfortunately, during this period of rebuilding, Nasdaq did not grant us additional time to fulfill our plan. [ROTFLMAO] We are diligently working to become trading on the OTC Bulletin Board."
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