US: Blue Holding NASDAQ listing under threat
Blue Holdings has been told its listing on the NASDAQ Capital Market is under threat.
The jeans and denim group said today that the company's common stock has closed for more than 30 consecutive trading days below the minimum $1.00 per share requirement for continued inclusion on the NASDAQ Capital Market.
In a statement, the company said: "In accordance with NASDAQ rules, the company has been afforded 180 calendar days, or until May 12, 2008, to regain compliance with the minimum bid price requirements. If at anytime before May 12, 2008 the bid price of the company's common stock closes at $1.00 per share or more for a minimum of 10 consecutive trading days, the company expects that NASDAQ will provide written notification that the company complies with Marketplace Rule."
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