Biofuel Energy has been advised by Nasdaq that it has regained compliance with Listing Rule5450 a 1, requiring that listed securities maintain a minimum bid price of $1 per share. Nasdaq had informed the company that its common stock had failed to meet the minimum bid price requirement. Since that time the common stock closing bid price has been at $1 or greater for at least 10 consecutive business days, bringing the company back into compliance. As a result the company expects to continue listing as long as the common stock continues to meet the minimum. :theflyonthewall.com
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