Regent Gets Second Delisting Notice
December 23, 2009: Regent Communications has been notified by Nasdaq that it has failed to comply with the exchange's rules on the minimum market value of publicly held shares, with the shares' value under $15 million for 30 consecutive business days. The company has 90 calendar days, or until March 22, 2010, to bring the value of its shares over the minimum for 10 consecutive business days.
Regent could apply to transfer to the Nasdaq Capital Market, but it doesn't meet the requirements for listing there at this time.
Today's notice follows an earlier Nasdaq notification that Regent had fallen below the required minimum share price of $1 and was in danger of delisting. Regent had the option to stay the delisting by requesting a hearing before a qualifications panel, and the company did that on December 4. The hearing is scheduled for January 7.
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(12/23/2009 8:33:58 PM) Someone please hit this company over the head and ends its suffering! |
| - Mark |
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