BioFuel gets Nasdaq listing notice, -17.5% AH

|About: BioFuel Energy Corp. (BIOF)|By:, SA News Editor

BioFuel Energy (BIOF) -17.5% AH after disclosing in an 8-K filing that its shares are in danger of being delisted from the Nasdaq exchange.

BIOF says in the filing it received a letter from Nasdaq's listing qualifications staff calling the company a "public shell," and that buyers of its stock can't know definitively what the operating business of the company will be in the future.

The letter says BIOF shares will be suspended and removed from the exchange unless BIOF requests an appeal, which the company says it will do.