Still Sinking

Posted: October 27, 2008 in Our Expression

Radio One Gets Nasdaq Notification On Class D Stock
radioink.com

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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