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Point.360 ( PTSX)

Company Profile: Point.360 is an integrated media-management-services company that provides film, video and audio post-production, archival, duplication, computer graphics, and distribution services.

Current Share Price: 86 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. Point.360 shares last closed above $1 on Dec. 2.

Received Nasdaq Notice: Jan. 12

Management's Expected Action: Point.360 has a remedy period of 180 calendar days in which to regain compliance with the bid price rule. In outlining possible scenarios, Point.360 noted that a reverse stock split is a possibility to regain compliance and avoid delisting.


CleanTech Innovations ( CTEK)

Company Profile: CleanTech Innovations manufactures and designs wind turbine, bellows expansion joints, pressure vessels, and fabricated metal specialty products.

Current Share Price: $4.79 (Feb. 7)

Listing Violation: Public interest concern. The Nasdaq asserts that CleanTech intentionally failed to adhere to obligations to timely disclose material information regarding the company's December 2010 financing during the listing application process. CleanTech was approved for listing on the Nasdaq Capital Market on Dec. 10, and on Dec. 13 the company entered into a $20 million debt and equity bridge financing through a private placement. On Dec. 16, the company announced the financing transactions in a filing with the SEC as it simultaneously filed a registration statement registering the shares issued in the financing.

Received Nasdaq Notice: Jan. 13

Management's Expected Action: "We intend to vigorously appeal the Staff's decision to an independent Nasdaq Hearings Panel," the company said in a regulatory filing. "However, there can be no assurance that our appeal for continued listing will be successful." CleanTech expects to appear before the Nasdaq panel within 45 days of the Jan. 20 filing.

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