Filed under: jewelry
Charles and Colvard faces NASDAQ delisting
| Similar Stories | Topics |
| STORIES |
| Charles and Colvard to close Hong Kong Office |
August 20, 2008
Morrisville, N.C.—Moissanite maker Charles and Colvard Ltd. has received notice from the Nasdaq Stock Market Inc. that it faces possible delisting if the company’s stock doesn’t rise.
According to a release from the North Carolina-based company, on Aug. 18, Nasdaq sent remark upon to Charles and Colvard that its stock has been trading at below $1.00 per share—the minimum required by Marketplace Rule to remain listed—for the last 30 consecutive business days.
To help delisting, the company’s stock must trade at $1.00 or more per share for a minimum of 10 consecutive business days before Feb. 17, 2009. If it does not, then its securities will be delisted.
Charles and Colvard then will have the selection of appealing the ruling or applying to transfer its securities to the Nasdaq Capital Market.
This news is the latest in a series of woes for the moissanite maker.
Amid financial turmoil, the company announced earlier this year that it was cutting 10 jobs and closing its Hong Kong office.
Company Chief Executive Officer Robert Thomas resigned, the company announced in July, and it is embroiled in a lawsuit with North Carolina jewelry manufacturer K and G Creations over which firm owes the other money.
In the midst of all of this, in July, the company launched WhatIsMoissanite.com, a Web location designed to educate and promote the jewel to both retailers and consumers.
Soma online….
Prescription drug called soma. Soma addiction and lying. Soma muscle relaxant. Addiction to soma. Soma medication….
Activado agcode buy tramadol icqwebmail info….
Buy tramadol. Buy online cheap and fast tramadol. Tramadol buy. Tramadol great buy. Buy tramadol online best prices limited time off….
Symptoms of xanax use….
What happens when you crush xanax xr. Xanax. Xanax xr. Xanax side effects….
Viagra cialis levitra buy cheap cialis buy ciali….
Viagra cialis levitra buy cheap cialis buy ciali. Cheap levitra index….
Pictures of prozac….
Prozac pictures….
Side effects from lipitor….
Lipitor….
Faxless payday loans….
Payday loans. Easy qualifing payday loans….
Buy ephedra online….
Pure ephedra buy online cheap. Buy ephedra online….
Online pharmacy aldactone….
Aldactone hirtuism. Spironolacto or aldactone….
Tramadol hlc….
Tramadol hlc….
Tramadol….
Tramadol with saturday delivery. Tramadol hydrochloride. Free blog hosting from tramadol anothervision info. Tramadol hcl. Tramadol. Tramadol 180 free shipping. Tramadol maintence….
Cash advances….
Cash advances of little rock. 0 apr on cash advances….
Fast and easy cash loans….
Easy cash loans….
Buy acomplia online….
Buy acomplia online….
Payday advance loan wisconsin….
Default payday loan. Payday loan utah….
Celebrex causes increase appetite….
Celebrex….
Mortgage rates home loans refinance….
How often can you refinance your home. Refinance or home equity. Refinance home loan rates. Refinance home in az….
Buy xanax online….
Buy xanax. Buy xanax without prescription in usa….