|
Quotes & Info
|
| BHIP > SEC Filings for BHIP > Form 8-K on 6-Nov-2009 | All Recent SEC Filings |
6-Nov-2009
Notice of Delisting or Failure to Satisfy a Continued Listing Rule or
On November 2, 2009, the Company received a letter from the staff of The Nasdaq Stock Market advising the Company that it will be delisted from the Nasdaq Capital Market because it no longer complies with Listing Rule 5550(b), which requires the Company to have a minimum of $2.5 million in stockholders' equity or $35.0 million market value of listed securities or $500,000 of net income from continuing operations for the most recently completed fiscal year or two of the three most recently completed fiscal years.
After considering a number of factors, including the expenditure of resources necessary to regain compliance with Nasdaq's Listing Rule within Nasdaq's timeframe and then maintaining its Nasdaq listing, the Company has decided not to appeal Nasdaq's delisting determination or undertake expensive or dilutive attempts to regain compliance with Nasdaq's minimum equity rule.
As a result, trading of the Company's common stock will be suspended on the Nasdaq Capital Market at the opening of business on November 11, 2009, and a Form will be filed with the Securities and Exchange Commission (the "SEC"), which will remove the Company's securities from listing and registration on The Nasdaq Capital Market. The Company expects that its common stock will continue to be quoted on the Pink Sheets, a centralized electronic quotation service run by Pink OTC Markets Inc. for over-the-counter securities.
The Company intends to continue filing current, quarterly and annual reports
with the Securities and Exchange Commission. It believes it qualifies for
listing on the OTCQX, which is the premier tier of the over-the-counter market
run by Pink OTC Markets, Inc. The Company is presently evaluating a listing on
the OTCQX, and until a listing application is filed and accepted, the Company's
common stock will be quoted on the Pink Sheets Current Information Tier under
the ticker symbol "BHIP."
Item 9.01. Financial Statements and Exhibits
Press Release of the Company dated Nobember 6, 2009
(a) Financial statements:
None
(b) Pro forma financial information:
None
(c) Shell company transactions:
None
(d) Exhibits
99.1 Press Release of Natural Health Trends Corp. dated
November 06, 2009
|
|