Replies to post #260 on Luminent Mtg Cap Inc (fka LUMC)

[Old Timer]

Under the NYSE rules, we have ten business days, or until January 24, 2008, to notify the NYSE of our intent to cure this deficiency. On January 15, 2008, we notified the NYSE that it is our intent to cure this deficiency. Under the NYSE rules, we have six months from the date of the NYSE notice to cure the average price deficiency. If we have not cured the deficiency by that date, our common stock would be subject to delisting by the NYSE.

We have six months to get this back over $1.00. I would think that will be enough time for things to settle down some in the market and give us a good chance to get back up.