19 Stocks Slapped With Delisting Warnings
Siebert Financial (SIEB)
Company Profile: Siebert FinancialCurrent Share Price: 53 cents (Feb. 7) Listing Violation: Market value of publicly held shares. The Nasdaq requires that companies maintain a minimum $5 million market value of publicly held shares for continued listing. The Nasdaq's calculation excludes outstanding common stock owned by officers, directors or beneficial owners. Muriel Siebert, chairwoman and CEO of Siebert Financial, currently owns 89.6% of the outstanding common stock of the Siebert Financial. Received Nasdaq Notice: Jan. 4 Management's Expected Action: Siebert Financial has until July 5 to regain compliance with the listing requirement. The company said it hasn't yet determined whether to take other action in response to the notification letter, and it intends to actively monitor the market value of publicly held shares between now and July 5.
INX (INXI) Company Profile: INX is a technology-infrastructure company, aiding enterprises with network routing and switching, wireless networking, and network security solutions. INX also provides Internet protocol (IP) network-based voice or telephone solutions, as well as IP network-based video communications solutions. Current Share Price: $7.14 (Feb. 7) Listing Violation: The most recent of INX's six listing violations stems from proxy solicitation and annual shareholder meeting. INX is facing four separate listing violations for delinquency in filing quarter financial statements, dating back to the quarter ended Dec. 31, 2009. Received Nasdaq Notice: Jan. 5 Management's Expected Action: The Nasdaq Listing Panel already has granted continued listing of INX's securities on the Nasdaq through April 11, as the company works to regain compliance with the listing requirements. "While the company is taking steps to regain compliance in accordance with the Panel's decision, there can be no assurances that the company will be able to do so," INX said in a statement.
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