homer985

Sirius Radio: Glowing or About to Burn Up?

The post below is incorrect information... that is in regards to market value... Sirius is currently under the minimum bid price of $1. That rule was suspended for the better part of the last year, but was reinstated on August 1st. After 30-business days, companies with bids under $1 will receive non-compliant letters in the mail. The date of this right now for Sirius is September 12th.

Here is the details I explained last night on Yahoo:
messages.finance.yahoo...

The timeline is here:
messages.finance.yahoo...


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On Aug 25 05:00 PM RealityofSiri wrote:

> I posted this on another article but apparently Siri Doom thought
> he could push his lie on a different article:
> In regards to delisting NASDAQ has decided to relax some of the deadlines
> ailing companies must meet to avoid delisting. Previously, if the
> company doesn't reach market value of the listed securities for 10
> consecutive business days, it is allowed 90 calendar days to regain
> compliance. NASDAQ plans on bringing the initial non-compliance period
> to 30 days. The company would then have 180 calendar days (as opposed
> to 90 calendar days) to regain compliance. If the company is still
> unable to regain compliance, it can appeal to a hearings panel, and
> if granted stay, the maximum extension is 360 days form the date
> of the staff delisting determination. – Source: Compliance Reporter
>