GreenMan Technologies receives filing extension.Tire recycler GreenMan Technologies Inc., based in Lynnfield Lynnfield, town (1990 pop. 11,274), Essex co., NE Mass.; inc. 1814. Primarily residential, Lynnfield is an important suburb of Boston. , Mass., has announced that the American Stock Exchange American Stock Exchange (AMEX) Stock exchange in the U.S. Originally known as “the Curb,” it began as an outdoor marketplace in New York City c. 1850. It moved indoors to its present location in the Wall Street area in 1921. (Amex) has granted the company an extension to regain compliance with Amex listing standards. GreenMan Technologies received notice from Amex Jan. 5, 2006, indicating that the company was not in compliance with Amex requirements for continued listing as set forth in Sections 134 and 1101 of the Amex Company Guide with respect to GreenMan's failure to file its annual report on Form 10-KSB for the year ended Sept. 30, 2005, with the Securities and Exchange Commission. GreenMan had the opportunity to submit a plan of compliance to the Exchange and did so Jan. 18. The company was notified Feb. 2 that the American Stock Exchange had accepted its compliance plan and had granted GreenMan an extension through March 20, 2006, to regain compliance with the listing standards. GreenMan will be subject to periodic review by Amex staff during the extension period. If GreenMan fails to make progress consistent with the plan or to regain compliance with the continued listing standards by the end of the extension period, Amex may initiate INITIATE. A right which is incomplete. By the birth of a child, the husband becomes tenant by the curtesy initiate, but his estate is not consummate until the death of the wife. 2 Bouv. Inst. n. 1725. delisting Delisting When the stock of a company is removed from a stock exchange. Notes: Reasons for delisting include violating regulations and/or failure to meet financial specifications set out by the stock exchange. proceedings. GreenMan Technologies may appeal any determination to initiate delisting proceedings. "Our American Stock Exchange listing is very important to us and we are pleased the Exchange has accepted our plan of compliance," Chuck Coppa, GreenMan Technologies CFO See Chief Financial Officer. says. "We intend to file our Annual Report on Form 10-KSB by the end of [February February: see month. ], in advance of the March 20, 2006, deadline," he adds. |
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