Replies to post #295 on Zanett Inc (fka ZANE)

[dmik]

NEW YORK, May 31, 2011 /PRNewswire/ -- Zanett, Inc. (Nasdaq: ZANE) announced today that it received a non-compliance notice from the NASDAQ Stock Market stating that the company was not in compliance with NASDAQ Listing Rule 5250(c)(1) because the company has not timely filed its Quarterly Report on Form 10-Q for the quarterly period ended March 31, 2011. The NASDAQ letter stated that the company has until July 25, 2011, to submit a plan to regain compliance.
If such a plan is timely submitted by the company, the NASDAQ staff can grant the company up to 180 calendar days from the due date of the Form 10-Q (or until November 21, 2011) to regain compliance.




a couple years ago same thing happend.. then ZANNETTE publish thier sales contracts.. stock sky rocket at the last moment will wait to see what they do this year..