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Vertro, Inc. Receives NASDAQ Noncompliance Notices for Minimum Bid Price and Minimum Market Value of Publicly Held Shares.

Publication: Investment Business Weekly
Publication Date: 11-OCT-09
Format: Online
Delivery: Immediate Online Access

Article Excerpt
Vertro, Inc. (NASDAQ:VTRO) announced that it received two noncompliance notices on September 15, 2009 from The NASDAQ Stock Market. The first notice states that the minimum bid price of the Company's common stock has traded below $1.00 per share for 30 consecutive business days and that the Company is therefore not in compliance with NASDAQ Listing Rule 5450(a)(5); the second notice states that the Company has not maintained a minimum market value of publicly held shares of $15,000,000 for the last 30 consecutive trading days, as required for continued inclusion on the...

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