Nasdaq officials agreed to grant Advanced Environmental Technologies a temporary reprieve from de-listing after the company submitted an action plan to bring itself back in compliance with Nasdaq’s standards. The company now has a full 180 days, until December 23, 2009, to regain compliance with Nasdaq’s regulations regarding minimum equity or net income. AERT also needs to bring its stock price above $1 per share.
In a press release, AERT CEO, Joe Brooks, commented … Read the rest