Radio One Gets Delisting Notice
September 23, 2010: Radio One has received a notice from Nasdaq that the company's class D common stock had fallen below the $1-a-share minimum price and is in danger of being delisted. The stock had been trading at under a dollar for 30 consecutive business days as of September 17.
Radio One has 180 calendar days, or until March 21, 2011, to get back into compliance with the exchange's rules by getting the stock price over $1 for at least 10 consecutive business days.
If Radio One can't get into compliance with the rules, it will get an official notification of delisting and will have the option to appeal at that time.
ROIA was trading at $1.03 late this morning.
Radio One has been through this before; it received notice of possible delisting in October 2008 and got back in line with Nasdaq rules in October 2009 and was never delisted. (Nasdaq had in the interim suspended delistings in light of the economic upheaval that began in fall 2009.)
(12/19/2012 10:14:59 AM) |
Can someone look into Radio One's current NASDAQ listing status, please? Here is what is now showing on Etrade.com: *Nasdaq FSI: Deficient: Issuer Failed to Meet NASDAQ Continued Listing Requirements, as of 12/19/12. However, there has not been a press release of any sort, and the stock has been below $1 for quite some time. What is going on? Any news please would be appreciated. Thanks JT
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