Advertisement
Friday, December 4, 2009

Regent faces a new de-listing notice from Nasdaq

Regent Communications first got a warning from the Nasdaq exchange over a year ago, on August 15, 2008, based on its failure to maintain a stock price above $1. It had 180 days from that notice to repair the situation, and then later on, Nasdaq suspended the “bid price requirement” because of the extraordinary market conditions. But now Regent has received a new notice of potential de-listing, and it has requested a hearing before the Listing Qualifications Panel. Regent stock (“RGCI”) closed at 26 cents on Friday, down a penny. Its 52-week high was 82 cents, reached in mid-October.

Tags: None
Advertisement
Advertisement