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Article: Gallery of History, Inc. Announces Receipt of Deficiency Letters from Nasdaq.(Letter to the editor)
- Article from:
- Investment Weekly News
- Article date:
- October 3, 2009
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Gallery of History, Inc. (Nasdaq: HIST) announced that the Company received two separate Nasdaq Staff Deficiency Letters on September 15, 2009, indicating that the Company fails to comply with both the Market Value of Publicly Held Shares ("MVPHS") and the Minimum Bid Price requirements for continued listing, as set forth in Listing Rules 5550(a)(5) (the "MVPHS Rule") and 5550(a)(2) (the "Bid Price Rule"), respectively.
The Nasdaq Staff Deficiency Letter with respect to the MVPHS Rule indicated that the Company is not in compliance with Listing Rule 5550(a)(5) because for the last 30 consecutive trading days, the Company's common stock has not maintained a ...