__/ [ BearItAll ] on Friday 13 April 2007 12:42 \__
> Roy Schestowitz wrote:
>
>> SCO About to Face Delisting Trouble, Again
>>
>> ,----[ Quote ]
>> | Nasdaq regulations require that for a stock to stay listed, it needs
>> | to be traded at a minimum price of $1.00. You can find out more about
>> | the regulations here. The relevant quantity here is the closing bid
>> | price, which is the last price a potential buyer offered for the
>> | stock. While the bid price may differ slightly from the closing
>> | price, it is still a reasonable indicator. Looking at the recent
>> | closing prices of SCOX you will notice that they closed below
>> | $1.00 for about 20 consecutive business days. After 30 business
>> | days below the minimum, Nasdaq will send a deficiency notice
>> | giving them 180 days before they face a delisting letter. During
>> | this period the company will be required to bring the stock up to
>> | the minimum for at least 10 consecutive business days.
>> `----
>>
>> http://www.quantenblog.net/misc/sco-delisting
>>
>
> Haven't they gone yet, I'm sure I got an email a while ago that said 'To
> all our loyal supporters we would like to say thankyou for cheering us on
> while we were getting our arse kicked. To the other 99% we would like to
> say up yours you bunch of One Carers'.
>
> Maybe I just missread it.
Did they CC Ballmer on that one? He is, after all, a customer (yes, they did
business) and investor (albeit indirectly).
--
~~ With kind regards
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