Tag Archives: Advanced Environmental Recycling Technologies

De-Listing Comes One Step Closer For Advanced Environmental Recycling Technologies (AERT)

Advanced Environmental Recycling Technologies is trying to maintain its place on the NASDAQ stock exchange, but the company is moving ever closer to being de-listed, according to this press release. On June 26, AERT received a NASDAQ Staff Determination letter advising the company that its request to stay on the exchange has been turned down. The company has a recapitalization that it believes will allow it to regain compliance, but the plan’s timeline is … Read the rest

Advanced Environmental Recycling Technologies (AERT) Releases 3rd Quarter Results

AERT Sales were down compared to the third quarter of last year, dropping from $25.2 million in the third quarter of 2007 to $18.6 million today. However, since the company was also able to reduce operating expenses during that time, gross margins increased to 10.1% of sales in the third quarter of this year, versus 8.2% last year. The net loss stayed about the same-this year it was $1.9 million, and in the third quarter … Read the rest

Advanced Environmental Recycling Technologies, Inc (AERT) Receives Notice Of Suspension Of NASDAQ Listing Requirements

Advanced Environmental Recycling Technologies, a company that reclaims waste plastic and turns it in to green building material, received notice that NASDAQ has temporarily suspended a rule requiring all listed stocks to have a share price of at least $1.00. NASDAQ has decided to stop enforcing the rule temporarily, until January 19, 2009.

Advanced Environmental Recycling Technologies was already being given a grace period from the requirement. If their share price is still below a … Read the rest