% | $
Quotes you view appear here for quick access.

Agria Corporation Message Board

  • kcajsnikrep kcajsnikrep Dec 28, 2012 1:48 PM Flag


    Hi, in an earlier post you mention January 19.
    What is the significance of that date?
    Thank you

    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • on Dec 20, Jetionsolarproblem posted:

      News from Investor Relation AGRIAs will not be delisted

      Agria will not be delisted. Agria has green light from NYSE to not to be delisted.
      If you are in question call Agria, david pasquale SVP

      Today in his new post, he retreated:

      ".....I don't think that it is catastrophic to be listed in OTC market for a while...."

    • that might be the date to be delisted from NYSE. GRO has been trading under $1 for 6 months.

      This is the news released at GRO website:

      Jul 19, 2012 (Marketwire via COMTEX) --Agria Corporation (NYSE: GRO) (the "Company" or "Agria"), a China-based agricultural company with operations in seeds in China and internationally and in agri-services, today announced that the Company was notified by the New York Stock Exchange ("NYSE") that the Company is not in compliance with the NYSE continued listing standard requiring a listed security to maintain a minimum average closing price of $1.00 per share over a consecutive 30-trading-day period. The NYSE noted that the minimum average closing price is the only listing criteria the Company is not in compliance with. The Company has six months from receipt of the notification to bring its ADS price and average ADS price back above $1.00.

      GRO announced this news on Jul 19, 2012, so 6 months means Jan 19, actaully they didn't tell us when NYSE notified them, should be earlier than Jul 19.

0.85+0.03(+3.66%)Oct 26 4:02 PMEDT