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Replies to #23 on Pro-Dex (PDEX)

nole92

05/22/10 5:40 PM

#24 RE: nole92 #23

Looks like I found an answer:

Although the current price of PDEX does not comply with the minimum $1.00 bid price requirement, it had requested an oral hearing before a NASDAQ Listing Qualification Panel, which automatically stays the delisting of its common stock pending the issuance of the Panel’s decision after the hearing. Under the Listing Rules, the Panel may, in its discretion, determine to continue the listing of PDEX’s common stock for a maximum of 180 calendar days from the date of the Staff’s notification to the company, which would be through July 9, 2010.