InvestorsHub Logo
Followers 10
Posts 823
Boards Moderated 0
Alias Born 12/02/2012

Re: stonsetr post# 65017

Monday, 02/25/2013 1:35:45 AM

Monday, February 25, 2013 1:35:45 AM

Post# of 83010
CBP "He said they plan to file the 10K in the beginning of April and the 10Q bt the end of April."

Just to clarify for those who haven't been keeping up. The stock can begin trading again as soon as, if or when, the NYSE approves its Compliance Plan before April. The company said it has already submitted the compliance plan and is waiting for a reply. So, there's a small chance we may see the stock trading again before the 10K and 10Q filings.

------------------

In order to maintain its listing, the Company must submit a plan of compliance (“Compliance Plan”) by February 14, 2013 advising of actions that Company has taken or will take to comply with Sections 134 and 1101 of the Company Guide by May 1, 2013. The Compliance Department will evaluate the Compliance Plan and make a determination as to whether or not to accept the Compliance Plan by May 1, 2013. In the event the Compliance Plan is accepted, the Company will remain listed during the plan period and will be subject to periodic review to determine whether progress is being made pursuant to the Compliance Plan. In the event that a Compliance Plan is not submitted, accepted or progress is not made under the Compliance Plan during the plan period, the Exchange staff may initiate delisting proceedings in accordance with Section 1010 and Part 12 of the Company Guide.

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.