SBS has been provided an initial grace period of 180 days (until March 13, 2012), to regain compliance with an SEC rule to get the value of the company back up to an acceptable level to stay on the NASDAQ. SBS has been in this battle with the $1.00 price level for quite some time now. The market value of SBS's Class A common stock for the previous 30 consecutive business days has been below the minimum $15,000,000. If SBS does not regain compliance by March 13th, NASDAQ will notify SBS that the company?s common stock is subject to delisting from the NASDAQ at which point SBS can appeal again. Add a Comment Send This Story To A Friend
