AI
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Monday, February 20, 2012 10:54:14 AM
I guess you didn't read what i just sent you.lol
Here it is again
Quote:
On October 17, 2011, the Company received a letter from The Nasdaq Stock Market (“Nasdaq”) indicating that the Company’s application to list its common stock on the Nasdaq Capital Market had been approved. The Company’s shares, which were previously traded on the Nasdaq Global Market, began trading on the Nasdaq Capital Market under its current symbol “BIOF” at the market opening on October 18, 2011.
On April 20, 2011, the Company had been notified that the bid price of its common stock had not met the minimum $1.00 per share required for continued listing on the Nasdaq Global Market. Under Nasdaq Listing Rule 5810(c)(3)(A), the Company was provided an initial period of 180 calendar days in which to regain compliance. The letter states that the Nasdaq staff has determined that the Company (1) has not been able to regain compliance within the initial 180 day compliance period and (2) is eligible for an additional 180 day period, or until April 16, 2012, to come into compliance with the Rule.
If the Company does not regain compliance with Rule 5450(a)(1) by April 16, 2012, the Nasdaq staff will provide written notice that the Company’s securities are subject to delisting. At that time, the Company may appeal Nasdaq’s determination to delist its securities to a Hearings Panel. In any event, in order to meet the $1.00 minimum bid price requirement to maintain its listing on the Nasdaq Capital Market, the Company may have to effect a reverse stock split, which would require the approval of the Company’s stockholders.
Here it is again
Quote:
On October 17, 2011, the Company received a letter from The Nasdaq Stock Market (“Nasdaq”) indicating that the Company’s application to list its common stock on the Nasdaq Capital Market had been approved. The Company’s shares, which were previously traded on the Nasdaq Global Market, began trading on the Nasdaq Capital Market under its current symbol “BIOF” at the market opening on October 18, 2011.
On April 20, 2011, the Company had been notified that the bid price of its common stock had not met the minimum $1.00 per share required for continued listing on the Nasdaq Global Market. Under Nasdaq Listing Rule 5810(c)(3)(A), the Company was provided an initial period of 180 calendar days in which to regain compliance. The letter states that the Nasdaq staff has determined that the Company (1) has not been able to regain compliance within the initial 180 day compliance period and (2) is eligible for an additional 180 day period, or until April 16, 2012, to come into compliance with the Rule.
If the Company does not regain compliance with Rule 5450(a)(1) by April 16, 2012, the Nasdaq staff will provide written notice that the Company’s securities are subject to delisting. At that time, the Company may appeal Nasdaq’s determination to delist its securities to a Hearings Panel. In any event, in order to meet the $1.00 minimum bid price requirement to maintain its listing on the Nasdaq Capital Market, the Company may have to effect a reverse stock split, which would require the approval of the Company’s stockholders.
