Nextwave Wireless (fka WAVE)

[Ecostate]

LISTING RULE 5815(a) 26-Feb-10 11:57 pm
In accordance with Listing Rule 5815(a), a company has seven calendar days from the date of the delisting determination letter to request a hearing. If the company does not request a hearing by the seventh day, then NASDAQ will suspend trading the company's securities two business days thereafter.

Nextwave is still listed and it has been more than 9 business days in which we are now greater than 9, as sated in the current listing rule above. This logically explains why NEXTWAVE is still listed and will be listed for several months until an outcome is reached from the hearing. This whole process is from receipt of the letter to the hearings outcome and can take up to 60 to 70 business days for official determination. Thats a long time from the date of the initial letter.

all the information is here ....

http://www.nasdaq.com/about/FAQsHearings.stm