Interesting People mailing list archives
Com21 de-listed by Nasdaq
From: Dave Farber <dave () farber net>
Date: Fri, 28 Feb 2003 14:03:22 -0800
------ Forwarded Message From: Dewayne Hendricks <dewayne () warpspeed com> Reply-To: dewayne () warpspeed com Date: Wed, 26 Feb 2003 09:17:55 -0800 To: Dewayne-Net Technology List <dewayne-net () warpspeed com> Subject: [Dewayne-Net] Com21 de-listed by Nasdaq [Note: This item comes from reader Steve Schear. There are a number of us on this list to which this announcement has a certainly amount of interest. I worked there for about two years and am still a shareholder. DLH] At 9:10 -0800 2/26/03, Steve Schear wrote:
From: Steve Schear <schear () attbi com> To: "Dewayne-Net Technology List" <dewayne-net () warpspeed com> Subject: Com21 de-listed by Nasdaq Date: Wed, 26 Feb 2003 09:10:37 -0800 MIME-Version: 1.0 Com21, Inc. (ticker: CMTO, exchange: NASDAQ) News Release - February 20, 2003 -------------------------------------------------------------------------------
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Com21, Inc. Shares to Trade on OTCBB Exchange Following Delisting by NASDAQ MILPITAS, Calif., Feb 20, 2003 /PRNewswire-FirstCall via COMTEX/ -- Com21, Inc. (Nasdaq: CMTO), a leading global provider of system solutions for the broadband access market, announced today, as required by the Securities and Exchange Commission, that it has received notice of a determination from a Nasdaq Listing Qualifications Panel, that its common stock will be delisted from the Nasdaq Small Cap Market. The determination was made pursuant to a hearing held on January 23, 2003, and will become effective as of the open of business on February 21, 2003. The Company, as noted by the Panel, does not comply with the shareholders' equity/market value of listed securities/net income and bid price requirements, as set forth in Nasdaq Marketplace Rules 4310(c)(2) and 4310(c)(4). On December 11, 2002, Com21 received a Nasdaq Staff Determination that it failed to comply with the minimum bid price requirement of $1.00 per share and $2.5 million minimum stockholders equity requirements. On December 17, 2002, Com21 requested a hearing that effectively stayed the delisting; however, the Company could not regain compliance with the applicable Nasdaq requirements within the time period prescribed by Nasdaq. The Company anticipates that its common shares will be immediately eligible for quotation on the Over The Counter Bulletin Board (OTCBB), under the same symbol, effective with the open of business on February 21, 2003. Investors will continue to have access to quotes, press releases and other information from the Nasdaq.com Internet site or at www.otcbb.com. SOURCE: Com21, Inc. CONTACT: Ralph Marimon of Com21, +1-408-953-9100 or Rmarimon () com21 com; or Scot Howard of Blueline PR, +1-408-910-9195 or showard () bluelinepr com, for Com21 URL: http://www.com21.com
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- Com21 de-listed by Nasdaq Dave Farber (Feb 28)