CAFE NEWS
Host America Corporation was notified by The Nasdaq Stock Market ("Nasdaq") that based on a review of public documents and information provided by Host to Nasdaq related to the issuance of a July 12, 2005 press release, the Staff of Nasdaq Listing Investigations and Listing Qualifications has determined that Host no longer qualifies for inclusion in the Nasdaq Stock Market and that its securities are therefore subject to delisting. Nasdaq Marketplace Rules 4300 and 4330(a)(3) provide the Staff with broad discretionary authority to deny continued inclusion of securities in order to maintain the quality of, and the public's confidence in, The Nasdaq Stock Market. Accordingly, Nasdaq has informed Host that its securities will be delisted from Nasdaq at the opening of business on August 16, 2005, unless Host requests a hearing in accordance with the Marketplace Rule 4800 Series.
Host will request a hearing before a Nasdaq Listing Qualifications Panel to review the Nasdaq Staff determination. Any such hearing request will stay the delisting of Host's securities pending the Panel's decision
Host will request a hearing before a Nasdaq Listing Qualifications Panel to review the Nasdaq Staff determination. Any such hearing request will stay the delisting of Host's securities pending the Panel's decision
2 Comments:
Wow! I've got to go back and read that press release again. WHat a trip!
Very unfortunate situation for Longs. A lot of people will be hurt financially and I never like to see that happen.
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