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Re: Scandle34 post# 8101

Saturday, 03/23/2013 2:22:43 PM

Saturday, March 23, 2013 2:22:43 PM

Post# of 9229
This is the company's response on regaining compliance:

Pursuant to Section 802(b) of the Company Guide, the Company has until the earlier of its next annual shareholders' meeting or one year from the event that caused the failure to comply to regain compliance with NYSE MKT's board independence requirements (provided, however, that if the annual shareholders' meeting occurs no later than 180 days following the event that caused the failure to comply, the Company shall have 180 days from the date of such event to regain compliance).

Pursuant to Section 803(B)(6)(b), the Company will have until the earlier of its next annual shareholders' meeting or one year from the occurrence of the event that caused the failure to comply to regain compliance with NYSE MKT's audit committee composition requirement, provided, however, that if the Company's annual shareholders; meeting occurs no later than 75 days following the event that caused the failure to comply, the Company shall instead have 75 days from the date of such event to regain compliance



So the question is when does this company have their annual meeting? Once that is know then the clock ticks on the above time-frames
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