Quote:
Originally Posted by AsianDivaGirlsWebDude
NOTE: FFN stock is trading at about $0.62 cents today.
ADG |
But for how long?
On February 7, 2013, FriendFinder Networks Inc. ("FFN") received a letter from The Nasdaq Stock Market LLC ("Nasdaq") stating that FFN had failed to comply with the $1.00 minimum bid price required for continued listing of its common stock under Rule 5450(a)(1) and the minimum $15,000,000 market value of its publicly held shares under Rule 5450(b)(2)(C) during the 180 calendar days ending on February 5, 2013 that had been previously provided to FFN to regain compliance and, as a result, FFN's common stock is subject to delisting from The Nasdaq Global Market. FFN intends to appeal the Nasdaq staff determination to a Nasdaq Listings Qualifications Panel (the "Panel"). Although there can be no assurance that the Panel will grant FFN's request for continued listing, the appeal will stay the delisting of FFN's stock from The Nasdaq Global Market pending the Panel's decision.