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| SCEI > SEC Filings for SCEI > Form 8-K on 27-Aug-2012 | All Recent SEC Filings |
27-Aug-2012
Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Stand
As noted previously in the 8-K filing on August 13, 2012, Sino Clean Energy, Inc. (the "Company") received a letter dated August 7, 2012 from The NASDAQ Stock Market LLC ("Nasdaq "), which stated that Nasdaq Staff has determined to delist the Company's securities pursuant to its discretionary authority under Listing Rule 5101, and alleges violations by the Company under Listing Rule 5250(a), 5250(b)(1) and IM-5250-1.
On August 21, 2012, the Company received an Additional Delinquency letter from Nasdaq, which stated that the Company is not in compliance with Listing Rule 5250(c)(1) because its Form 10-Q for the quarter ended June 30, 2012 was not timely filed. This delinquency serves as an additional basis for delisting the Company's securities from The Nasdaq Stock Market.
The Company intends to present its views with respect to this additional delinquency at the Panel hearing on September 13, 2012 and has also submitted a written request for a further stay to the NASDAQ Staff on August 27, 2012.
A copy of the press release relating to this issue is attached as Exhibit 99.1 and is incorporated herein by reference.
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