NASDAQ/NYSE Delisting Notices Galore (BFNB, DEAR, DCGN, DNE, EUBK, HRZB, IAO, IPII, INHX, RPC, RGCI, RHIE, TONE, VIAP, XBKS)

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By Douglas A. McIntyre Updated Published
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It is year-end.  That means that NASDAQ and the NYSE have been sending out more and more letters of non-compliance to public companies over their subsequent listing requirements.  Some are due to capitalization minimums not being met, while many are due to share prices as so many stocks are still under the minimum share price.  Enter the land of penny stocks. These are some of the companies which have been under this notice:

Beach First National Bancshares Inc. (NASDAQ: BFNB)
Dearborn Bancorp, Inc. (NASDAQ: DEAR)
deCODE genetics, Inc. (NASDAQ: DCGN)
Dune Energy, Inc. (NYSE AMEX: DNE)
EuroBancshares, Inc. (NASDAQ: EUBK)
Horizon Financial Corp. (NASDAQ: HRZB)
IA Global, Inc. (NYSE AMEX: IAO)
Imperial Industries, Inc. (NASDAQ: IPII)
Inhibitex, Inc. (NASDAQ: INHX)
Radient Pharmaceuticals Corporation (NYSE Amex: RPC)
Regent Communications Inc. (NASDAQ: RGCI)
RHI Entertainment Inc. (NASDAQ: RHIE)
TierOne Corp. (NASDAQ: TONE)
VIA Pharmaceuticals, Inc. (NASDAQ: VIAP)
Xenith Bankshares, Inc. (NASDAQ: XBKS)

These are just the most recent delisting candidates.  There are many many more companies which fall in the delisting category.  Companies which receive delisting notifications rarely get delisted from NASDAQ or NYSE immediately.  There is a plan for re-listing process.  There are requests for exceptions and requests for extensions to these deadlines which are frequently granted.

These won’t be the last of the companies in the coming days which disclose delisting notifications.

JON C. OGG

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About the Author Douglas A. McIntyre →

Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.

McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.

His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.

A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.

TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.

McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.

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