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Motor City Trader

04/09/11 1:47 PM

#29182 RE: RedBull77 #29181

"A request for a hearing will stay the delisting pending a decision by the Hearing Panel."

"If a request for a hearing is made within seven days, no delisting action will be taken until the company has had its hearing and the Hearing Panel has issued a written decision."

"Hearings are typically scheduled 30 to 45 days from the company's request."

Based on these facts, the imminent de-listing appears to be off the table:
1. CCME did request a hearing within the 7-day window.
2. Nasdaq will not de-list until the hearing takes place and a decision is rendered.
3. It typically takes at least 30 days from the date of the request to start the hearings.

Conclusion: CCME will remain listed, and therefore halted, for at least another month.


From a post by Deuspronibis

bigpike

04/09/11 2:26 PM

#29185 RE: RedBull77 #29181

Probably depends if the shorts, um, influence, extends to contacts on the appeal board. I'd like to see a list of people making the decision and have the SEC monitor their bank accounts.
What are the odds?