8 Penny Stocks Get Delisting Warning
DJSP Enterprises (DJSP)
Company Profile: DJSP Enterprises provides processing services for the mortgage and real estate industries in Florida.The business was run by Florida lawyer David Stern, whose foreclosure practices are under investigation in the wake of the "robo-signing" scandal. Although Stern left as CEO and chairman, DJSP Enterprises still faces issues with a subsidiary, DAL Group, which defaulted on a credit line with Bank of America (BAC). Current Share Price: 55 cents (Jan. 3) 2010 Stock Performance: -93% Received Nasdaq Notice: Dec. 15 Management's Expected Action: DJSP Enterprises has until June 13, 2011, to regain compliance with the Nasdaq's bid price requirement. The company said it is reviewing its options for regaining compliance with the bid price and for remedying past non-compliances, including Nasdaq rules regarding the market value of publicly held shares and market capitalization.
Central Federal (CFBK) Company Profile: Central Federal Current Share Price: 31 cents (Jan. 3) 2010 Stock Performance: -77.2% Received Nasdaq Notice: Dec. 17 Management's Expected Action: Central Federal has a 180-day grace period until June 15, 2011, to regain compliance with the minimum closing bid price requirement. The company is "considering a number of different actions that it may take in response to this notice in order to regain compliance with the continued listing requirements, but no decision about a response has been made at this time."
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