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News Breaks
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November 13, 2009
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| 16:21 EDT |  | ORCD |
| theflyonthewall.com: | The Orchard receives Nasdaq non-compliance notification | | The Orchard has been advised by a Nasdaq notification that the market value of publicly-held shares of its common stock were below $5M for 30 consecutive business days. The company was therefore not in compliance with the minimum requirement for continued Nasdaq listing, under rule 5450b1C. The Orchard has a 90-day grace period until February 10 to regain compliance. The Orchard intends to maintain its Nasdaq listing and will actively monitor the market value for its common stock between now and February 10, and will consider available options. :theflyonthewall.com |
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