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Zalicus AŞ Message Board

  • whogo70 whogo70 Sep 22, 2013 11:15 AM Flag

    The smartest thing for ZLCS to do is announce a partnership. The company needs to regain

    compliance & this would get the share price over $1. They could put any number of clauses in it that give milestones for achieving clinical results, fda filings, & sales numbers, etc. Maybe we can get an announcement tomorrow since times running out before we'd be forced into doing a r/s.

    "In accordance with Marketplace Rule 5810(c)(3)(A), we had a period of 180 calendar days, or until April 22, 2013, to regain compliance with the Rule. If at any time before April 22, 2013, the bid price of our common stock had closed at or above $1.00 per share for a minimum of 10 consecutive business days, NASDAQ would have provided written notification that we had achieved compliance with the Rule. We were not able to maintain the minimum closing bid price by April 22, 2013, and as a result, we voluntarily applied to transfer the listing of our common stock from the NASDAQ Global Market to the NASDAQ Capital Market. In connection with the transfer to the NASDAQ Capital Market, which occurred on April 23, 2013, we were granted an additional 180 days, or until October 21, 2013, to regain compliance by maintaining a minimum closing bid price of at least $1.00 for ten consecutive business days."

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