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Bionovo, Inc. Message Board

  • mid_swe mid_swe May 15, 2011 9:33 AM Flag

    Delisting in September?

    On March 14, 2011, the Company received a letter from The NASDAQ Stock Market stating that it was not in compliance with Nasdaq Listing Rule 5550(a)(2) because it failed to maintain a minimum bid price of $1.00 per share. NASDAQ has granted the Company a period of 180 calendar days, or until September 12, 2011, to regain compliance. If, at anytime before September 12, 2011, 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, NASDAQ has stated that it will provide the Company with written notification that compliance with the listing rule has been regained.

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