Stocks Under $5 in Danger of Delisting

Phazar (ANTP)

Company Profile: Phazar makes antennas, wireless mesh network products, towers, support structures, masts and communication accessories.

Current Share Price: $3.45 (Feb. 28)

Listing Violation: Listing of additional shares and shareholder approval. The rule requires that Phazar obtain shareholder approval for the issuance of 47,000 shares issued for services rendered and a 40,000 share option, which the company announced in a Jan. 27 filing. Phazar was required to have notified the Nasdaq 15 days prior to the establishment of these equity compensation arrangements. The securities transactions pre-date Phazar's shareholder-approved 2009 Equity Incentive Plan.

Received Nasdaq Notices: Feb. 10

Management's Expected Action: Phazar has until March 28 to submit a plan to regain compliance with the referenced listing standards and, if approved, the company would have until Aug. 9 to meet the requirement.

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Empire Resorts (NYNY)

Company Profile: Empire Resorts owns Monticello Gaming and Raceway, a video gaming machine and harness horseracing facility located in Monticello, New York.

Current Share Price: 78 cents (Feb. 28)

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. Empire Resorts shares last closed above $1 on Dec. 31.

Received Nasdaq Notice: Feb. 14

Management's Expected Action: Empire Resorts has until Aug. 15 to regain compliance with the minimum bid price requirement. The company said it is considering actions that it may take to regain compliance with the continued listing requirements, but no decisions about a response have been made yet.

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