This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Pinnacle Gas Resources, Inc. Receives Notification From Nasdaq

SHERIDAN, Wyo., March 22 /PRNewswire/ -- Pinnacle Gas Resources, Inc. (Nasdaq: PINN) announced today that on March 16, 2010, it received written notice from The Nasdaq Stock Market, Inc. that because the Company has not regained compliance with the $1.00 minimum bid price requirement in Listing Rule 5450(a)(1) by the March 16, 2010 expiration of the 180-day compliance period for this requirement, the Company's common stock would be delisted from The Nasdaq Global Market unless the Company requests an appeal of this determination to a Nasdaq Hearings Panel (the "Panel") no later than 4:00 p.m. Eastern Time on March 23, 2010.

On March 22, 2010, the Company requested such an appeal, which request automatically delayed the delisting of the Company's common stock at least until the Panel issues a decision.  The Panel has the discretion to grant the Company up to 180 additional calendar days from its March 16, 2010 notice in which to satisfy the $1.00 per share bid price requirement.  There can be no assurance that the Panel will grant an extension or that the Company will be able to comply with the conditions of any extension by the Panel's decision date or by the expiration of any extension the Panel grants.

About Pinnacle

Pinnacle Gas Resources, Inc. is an independent energy company engaged in the acquisition, exploration and development of domestic onshore natural gas reserves. It focuses on the development of coalbed methane (CBM) properties located in the Rocky Mountain region. Pinnacle holds CBM acreage in the Powder River Basin in northeastern Wyoming and southern Montana as well as in the Green River Basin in southern Wyoming. Pinnacle Gas Resources was founded in 2003 and is headquartered in Sheridan, Wyoming.

Safe Harbor

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Submit an article to us!
SYM TRADE IT LAST %CHG
AAPL $128.95 0.00%
FB $78.99 0.00%
GOOG $537.90 0.00%
TSLA $226.03 0.00%
YHOO $42.51 0.00%

Markets

DOW 18,024.06 +183.54 1.03%
S&P 500 2,108.29 +22.78 1.09%
NASDAQ 5,005.3910 +63.9670 1.29%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs