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TranSwitch Corp. Message Board

  • gandhip gandhip Jun 14, 2013 10:25 PM Flag

    I'm confused...

    Is txcc delisted as of Monday? Did they get an extension? I read that they got a delisting notice and requested an extension but am not a listing expert. Seems like the board is all over the place on this one.

    Anybody who knows the facts...a brief summary would be greatly appreciated

    TIA

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    • They got a delisting notice, and they appealed. When they appealed their delisting is automatically postponed until they get a hearing for their appeal and the Nasdaq makes a final ruling after the hearing. So no they will not get delisted on monday.

      They will have to submit a plan as to how they will get in back in compliance with the rules at their appeal hearing. If NASDAQ approves that plan, Nasdaq will give them some extra time to stay listed until they can execute their plan. If NASDAQ disapproves their plan, they can get delisted then.

 
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