On April 4, 2011, CCME announced that Nasdaq had sent the company a letter stating that Nasdaq was exercising its discretionary authority under Listing Rule 5101 to suspend the company’s common stock from trading on Nasdaq effective the opening of business on April 12, 2011, subject to the company’s right to appeal such determination to a hearing panel not later than April 8, 2011. As of April 22, 2011, trading in CCME’s common stock is still suspended.
This makes it sound like there is no appeal by the company against the suspension.
