8 Penny Stocks Get Delisting Warning

OnStream Media (ONSM)

Company Profile: OnStream Media is an online service provider of live and on-demand Internet video, corporate audio and Web communications and content management applications.

Current Share Price: 80 cents (Jan. 3)

2010 Stock Performance: -52%

Received Nasdaq Notice: Dec. 7

Management's Expected Action: OnStream Media said it has until June 6, 2011, to regain compliance with the Nasdaq's minimum bid price rule.

"Accordingly, relative to the Nasdaq notification, we remain confident that the market will reflect the value we are creating and the progress we have made in executing our growth strategy," OnStream CEO Randy Selman said in a statement. "Furthermore, we believe that if necessary we will be able to meet the Nasdaq criteria to receive a second 180 day compliance period, which would then give us up to a full year to regain compliance."

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Arrowhead Research (ARWR)

Company Profile: Arrowhead Research is a development stage nanotechnology holding company that forms, acquires and operates subsidiaries commercializing innovative nanotechnologies.

Current Share Price: 99 cents (Jan. 3)

2010 Stock Performance: 69%

Received Nasdaq Notice: Dec. 8

Management's Expected Action: Arrowhead said in a regulatory filing that it has until June 6, 2011, to regain compliance with the minimum closing bid price requirement for continued listing. However, the company did not outline any plans to cure the deficiency.

Arrowhead has previously been faced with a possible delisting for non-compliance with the Nasdaq's listing requirements. In March, Arrowhead was granted an additional 180-day grace period to regain compliance with the bid price rule before managing to satisfy the requirement in April.

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