China MediaExpress Holdings, Inc. (fka CCME)

[deuspronobis]

No Delisting Next Week

Andrew,

Thanks for posting this FAQ on the Nasdaq hearings process. Based on the following excerpts, can we rightly conclude that the April 12 de-listing is no longer possible?

"A request for a hearing will stay the delisting pending a decision by the Hearing Panel."

"If a request for a hearing is made within seven days, no delisting action will be taken until the company has had its hearing and the Hearing Panel has issued a written decision."

"Hearings are typically scheduled 30 to 45 days from the company's request."

Based on these facts, the imminent de-listing appears to be off the table:
1. CCME did request a hearing within the 7-day window.
2. Nasdaq will not de-list until the hearing takes place and a decision is rendered.
3. It typically takes at least 30 days from the date of the request to start the hearings.

Conclusion: CCME will remain listed, and therefore halted, for at least another month.