LYCOS RETRIEVER
Days: Healthcaredata Company
built 634 days ago
LookSmart has 180 days to regain compliance with NASDAQ's National Market $1.00 minimum bid price rule. If at any time before October 12, 2005, the bid price of the Company's common stock closes at $1.00 per share or more for a minimum of 10 consecutive business days (or such longer period of time as NASDAQ may require), NASDAQ will notify the Company that it is in compliance with the Rules. If the Company does not regain compliance by October 12, 2005 and if it meets the NASDAQ SmallCap Market initial inclusion requirements except bid price, it may apply to move from the NASDAQ/NMS to the NASDAQ SmallCap. If the application is approved, pursuant to SmallCap rules the Company would be granted an additional 180-day period to regain compliance.
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CAMBRIDGE, Mass., Dec. 20 /PRNewswire-FirstCall/ -- Biopure Corporation BPUR announced today that on December 14, 2007 it received notice from The Nasdaq Stock Market that its closing bid price had fallen and remained below $1.00 for 30 consecutive business days. As a result, Biopure is out of compliance with Nasdaq's $1.00 minimum bid price requirement for continued listing set forth in Marketplace Rule 4310(c)(4). This notification has no effect on the listing of the company's common stock at this time.
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"With the year coming to a close, employees may have already used up their vacation days," said Diane Domeyer, executive director of OfficeTeam. "But other professionals sometimes get so wrapped up in work at the end of the year that they only take the company holidays they are granted."
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