Chemex announces hearing date with NASDAQ regarding continued listing of Chemex Common Stock.FORT LEE, N.J.--(BUSINESS WIRE)--March 31, 1995--Chemex Pharmaceuticals Inc. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :CHMX) today reported that it has received notification from NASDAQ that it does not meet certain requirements for continued listing of its Common Stock on the NASDAQ Small Cap Market. Chemex has been granted a hearing with NASDAQ on this matter which is scheduled for April 11, 1995. At that time, Chemex intends to present plans to demonstrate how the company can meet NASDAQ listing requirements Listing requirements Requirements, including minimum shares outstanding, market value, and income, that are laid down by an exchange for any stock to be listed for trading. and to request a temporary exemption from these requirements until its plans can be effected. If such temporary exemption is not granted, it is expected that Chemex's Common Stock will be delisted from the NASDAQ Small Cap Market, but Chemex expects that quotes for its shares will be available on the OTC Bulletin Board OTC Bulletin Board An electronic quotation listing of the bid and asked prices of OTC stocks that do not meet the requirements to be listed on the NASDAQ stock-listing system. . CONTACT: Chemex Pharmaceuticals Inc. Len Stigliano Stigliano is a town and comune in the province of Matera, in the Southern Italian region of Basilicata. Its growth has been blocked because of bad establishment. The history of Stigliano has been documented with research dating it back to over 2,000 years ago. , 201/944-1449 |
|
||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion