Oxigene Inc fka OXGN

[Paulieme]

Reverse Split: Probably won't happen untill after 6/14/2011. This from Yahoo thread. <"please read my post on that issue (part 1 & part 2)
http://messages.finance.yahoo.com/Stocks...

As explained in the above. on Dec 14 2010 OXGN which is now traded on the Nasdaq Global Market will move to the Nasdaq Capital Market (since all conditions for initial listing to the Nasdaq Capital market are met - except for bid price) by doing so they will get extra 180 days to regain complaince
this was done lately by GNVC & SNSS
here are the lons with respect to GNVC & SNSS
SNSS:
http://finance.yahoo.com/news/Sunesis-re...
http://www.bizjournals.com/sanjose/stori...
http://finance.yahoo.com/news/Sunesis-Gr...
GNVC
http://finance.yahoo.com/news/GenVec-Ann...
http://finance.yahoo.com/news/GenVec-Ann...

Now here is the OXGN 8K delsiting document
http://biz.yahoo.com/e/100618/oxgn8-k.ht...

you will see in this document that
" if the Company has not regained compliance, it may be eligible for an additional grace period of 180 days if it meets the initial listing standards, with the exception of bid price, for The Nasdaq Capital Market"

So it it meest the "initial listing conditions for Nasdaq Capital market EXCEPT FOR BID PRICE" they can move to the Nasdaq CAPITAL MARKET and GET EXTRA 180 days

You can now ask - do they meet all initial listing conditions for Nasdaq Capital Market except for bid price - The answer is YES - to see that read my post on that

http://messages.finance.yahoo.com/Stocks...

Other documensts that you and other will probably want to read are:
a- The second one is the Nasdaq LIsting rules (will be refered as "Nasdaq listing rules" - this rules give the condition for continued listing and initial listing
http://www.nasdaq.com/about/nasdaq_listi...
b- The third document we need is the R/S proxy document (refred here as " proxy")
http://investor.oxigene.com/secfiling.cf...

The first one shows you the Nasdaq listing conditions for General Market/General Selected Market/Capital market
The 2nd one is the latest proxy

Also, as you will see in the proxy - OXGN asked to have the ability to "effect" R/S up unitill 6/14/2011 (looks familair) yes this is the date that they will need to REGAIN COMPLIANCE WITH BID PRICE on the NASDAQ CAPITAL MARKET this is why they have asked it just to make sure that if in 7 MONTHA FROM NOW they will not regain complaince then they will have this option

Hope this clarify the R/S issue "> http://messages.finance.yahoo.com/Stocks_%28A_to_Z%29/Stocks_O/threadview?m=tm&bn=13686&tid=108096&mid=108096&tof=6&frt=2