InvestorsHub Logo
Followers 111
Posts 11523
Boards Moderated 0
Alias Born 06/21/2006

Re: MASTERTRADER post# 15489

Friday, 02/03/2012 8:50:15 AM

Friday, February 03, 2012 8:50:15 AM

Post# of 59464
Strange- On their website, and SEC filings, they say this-

I don't see anything about being 100% certain, or the extra 20 days you "heard".

http://www.7artspictures.com/news/view/57

On September 22, 2011, Seven Arts received a notice from NASDAQ stating that the bid price for our common stock was below $1.00 for thirty consecutive days. Seven Arts is otherwise in compliance with NASDAQ listing maintenance standards. Seven Arts will have until March 1, 2012 to maintain a closing bid price of at least $1.00 for ten consecutive trading days for continued listing on NASDAQ. If Seven Arts does not meet that goal by March 1, 2012, it may apply and would expect to obtain a further 180-day extension to meet the trading price requirement of NASDAQ

I spoke with the company yesterday and was told they have till March 20th for the extension and it WILL BE GRANTED 100% by Nasdaq.