After review of the available options, the Company's board of directors concluded that current negotiations for investment capital would, if consummated quickly, provide sufficient capital to put T3 Motion, Inc. in compliance with the Exchange's listing standards and allow T3 Motion, Inc. to retain its NYSE MKT listing. The marginal costs of the appeal and of continuing ongoing negotiations create a positive cost/benefit tradeoff. However, there can be no guarantee of finalizing a transaction or, if such a transaction is completed, of retaining the Exchange listing even if the Company improves its financial condition. In any scenario, T3 Motion, Inc. intends to remain as a fully reporting, current SEC filer with transparent accounting and proper corporate governance.The Company will continue to update its stockholders on its progress, including, but not limited to, the status of its NYSE MKT listing. The Company's trading symbol will bear the "BC" indicator until the Company is either delisted or regains compliance with the Exchange's continued listing requirements.
T3 Motion, Inc. Receives Delisting Notice From NYSE MKT; Plans To Appeal
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