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Quotes & Info
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| CBTE > SEC Filings for CBTE > Form 8-K on 21-Sep-2009 | All Recent SEC Filings |
21-Sep-2009
Notice of Delisting or Failure to Satisfy a Continued Listing Ru
On September 18, 2009, the Registrant issued a press release announcing that on September 15, 2009 it was notified by the NASDAQ Stock Market ("NASDAQ") that for the past 30 consecutive business days, the bid price for the Registrant's common stock closed below $1.00, the minimum per share bid price required for continued listing on the NASDAQ Capital Market under NASDAQ Listing Rule 5550(a)(2). The Registrant was further advised by NASDAQ that under NASDAQ Listing Rule 5810(c)(3)(A), the Registrant is allowed a grace period of 180 calendar days to regain compliance. If at any time during the 180 day grace period the bid price of the Registrant's common stock closes at a price of $1.00 per share or more for a minimum of ten consecutive business days, NASDAQ will provide the Registrant with written confirmation of compliance and the matter will be closed. However, if the Registrant does not regain compliance prior to the expiration of the grace period, its common stock may be subject to delisting from the NASDAQ Capital Market.
The Registrant's press release dated September 18, 2009 with respect to the notification from NASDAQ described above is attached hereto as Exhibit 99.1.
(a) Financial statements of businesses acquired.
Not Applicable.
(b) Pro forma financial information.
Not Applicable.
(c) Shell company transactions.
Not Applicable.
(d) Exhibits.
99.1 Press release dated September 18, 2009.
Dated: September 21, 2009
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