The Orchard receives letter acknowledging error from NASDAQ
The Orchard reports that on November 20 it received a letter from The NASDAQ Stock Market stating that based on information subsequently received by the NASDAQ staff, NASDAQ erroneously issued a letter to The Orchard on November 12. The November 12 letter stated that the company was not in compliance with NASDAQ’s continued listing criteria for a listing on the NASDAQ Global Market under Listing Rule 5450 because of the company’s failure to maintain a minimum Market Value of Publicly Held Shares of $5M over a 30 consecutive business day period. :theflyonthewall.com
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