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
Tag Archives: delisting proceedings
Nova Biosource Fuels (NBF) Receives Warning From NYSE Regarding Compliance
Bad news for Nova Biosource Fuels… the company received a notice from the New York Stock exchange yesterday, advising that it is not in compliance with Section 1003(a)(iv) of the NYSE Alternext US LLC Company Guide. Basically, the company has had so many losses that the Exchange is not sure whether it will be able to meet its obligations in the future. In order to remain on the NYSE, Nova must submit a plan for … Read the rest