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| PINN > SEC Filings for PINN > Form 8-K on 21-Sep-2009 | All Recent SEC Filings |
21-Sep-2009
Notice of Delisting or Failure to Satisfy a Continued Listing Rule o
On September 15, 2009, the Company received notification from the NASDAQ Stock Market that it is not in compliance with the minimum bid price requirement pursuant to Listing Rule 5450(a)(1) because its stock price has been less than $1.00 per share for the previous 30 consecutive business days.
The Company has a 180 day grace period to regain compliance; however if the Company fails to meet the minimum bid price requirements within this period, its securities will be subject to delisting.
On September 21, 2008, the Company issued a press release regarding the above-referenced notification from NASDAQ. A copy of the press release is furnished with this Current Report on Form 8-K as Exhibit 99.1 and is hereby incorporated by reference.
The information is this Item 7.01 and Exhibit 99.1 is being furnished and shall not be deemed "filed" for purposes of Section 18 of the Exchange Act of 1934, as amended (the "Exchange Act") or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended (the "Securities Act") or the Exchange Act, except as shall be expressly set forth in such filing.
(d) Exhibits:
Exhibit No. Description
99.1 Press release dated September 21, 2009.
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