NYSE accepts CEL-SCI's plan to return to compliance

|By:, SA News Editor

The NYSE has accepted CEL-SCI's (CVM +5.6%) plan to bring itself into compliance with the exchange's listing standards and has granted the company an extension until September 30 to do so.

In July, the NYSE informed CEL-SCI that it wasn't in compliance with Section 1003(a)(iv) of its rules. The section states that the exchange will consider suspending or de-listing a company's whose losses are so great, or its financial situation so impaired, that it appears questionable as to whether it will be able to continue its operations or meet its obligations.