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Stock Market & Financial Investment News

News Breaks
October 15, 2012
09:05 EDTGSIGeneral Steel obtains NYSE listing extension
The company received a four-month extension for continued listing and trading of the company's stock on the NYSE. As previously disclosed, the company is not in compliance with Section 802.01E of the NYSE's Listed Company Manual based on its delay in filing its Annual Report on Form 10-K for the year ended December 31, 2011.
News For GSI From The Last 14 Days
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May 18, 2015
16:39 EDTGSIGeneral Steel to delay filing Form 10-Q
The company is unable to file the Quarterly Report on Form 10-Q for the quarter ended March 31, 2015 within the prescribed time period without unreasonable effort or expense because additional time is required to complete the preparation of the company's financial statements in time for filing. The Quarterly Report on Form 10-Q for the quarter ended March 31, 2015 will be filed as soon as practicable.
May 13, 2015
08:34 EDTGSIGeneral Steel receives NYSE notification on closing price listing requirement
General Steel has been notified by the NYSE that it has fallen below the NYSE's continued listing standard that requires a minimum average closing price of $1.00 per share of the company's common stock over a consecutive 30-trading-day period. The company has a cure period of six months from receipt of the NYSE's notice to achieve compliance with the continued listing standard. The company will provide the NYSE with the required response within 10 business days of its receipt of the NYSE Notice, stating its intent to cure this deficiency. The company may consider implementing a reverse stock split of its common stock, which the company received shareholder approval for at its annual general meeting on December 29, 2014. The company's common stock will continue to be listed and traded on the NYSE during the six-month cure period, under the symbol "GSI", but will continue to be assigned a ".BC" indicator.

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