Company Profile: TeamStaff provides staffing services to the U.S. Department of Veterans Affairs and other U.S. governmental entities.Current Share Price: 40 cents (Feb. 7) Listing Violation: Delinquency. The Nasdaq says TeamStaff didn't timely file its annual report for the fiscal year ended Sept. 30 with the SEC. In addition, TeamStaff has been in violation of the Nasdaq's bid price rule since June. Received Nasdaq Notice: Jan. 14 Management's Expected Action: TeamStaff has until March 15 to submit to Nasdaq a plan to regain compliance with the listing rule. If the plan is accepted, TeamStaff would be granted an exception of up to 180 calendar days from the filing's due date, or until July 12. TeamStaff said it "is working diligently on this matter and intends to file its Annual Report on Form 10-K as soon as practicable."
Aehr Test Systems (AEHR) Company Profile: Aehr Test Systems makes wafer-contact systems designed to reduce the cost of testing flash, dynamic random access memory, and other memory devices. Current Share Price: $1.64 (Feb. 7) Listing Violation: Minimum stockholders' equity. The Nasdaq Global Market requires a minimum stockholders' equity of $10 million for continued listing. Received Nasdaq Notice: Jan. 18 Management's Expected Action: Aehr Test Systems says it plans to submit its plan to regain compliance with the listing requirement on or before March 4.