Still Sinking

Posted: October 27, 2008 in Our Expression

Radio One Gets Nasdaq Notification On Class D Stock

WASHINGTON — October 22, 2008: Radio One on Monday received notification from Nasdaq that its class D stock, which represents the vast majority of the company’s public float, has fallen below the $1 minimum for 30 consecutive trading days.


Radio One will have 180 calendar days after the reinstatement of the requirements to get back into compliance with the listing rules by getting its class D stock over $1 a share for a minimum of 10 consecutive business days. If it’s unable to do that, Nasdaq will issue a delisting notification, which Radio One can appeal, or it can apply to have its stock moved to the Nasdaq Capital Market. (more…)


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