Cybex International (CYBI)
Company Profile: Cybex makes strength and cardiovascular fitness equipment for the commercial and consumer markets.Current Share Price: 72 cents (Feb. 7) Listing Violation: Bid price. The listing rule requires that a company maintains a minimum closing bid price of $1 per share for its common stock. Cybex International shares last closed above $1 on Dec. 7. Received Nasdaq Notice: Jan. 21 Management's Expected Action: Cybex has until July 20 to regain compliance with the minimum bid price continued listing requirement, and the company has indicated it may apply for an extension of the compliance period or an appeal to a Nasdaq Listing Qualifications Panel as it considers options to regain compliance.
OceanFreight (OCNF) Company Profile: OceanFreight provides shipping services, specializing in transporting dry-bulk cargo, which include iron ore, coal and grain, as well as crude oil. Current Share Price: 82 cents (Feb. 7) Listing Violation: Bid price. The listing rule requires that a company maintains a minimum closing bid price of $1 per share for its common stock. OceanFreight shares last closed above $1 on Dec. 9. Received Nasdaq Notice: Jan. 25 Management's Expected Action: OceanFrieght said it intends to monitor the closing bid price of its common stock between now and July 25 and "is considering its options in order to regain compliance with the Nasdaq minimum bid price requirement."