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Article: Ashford.com Receives Nasdaq Notification.
- Article from:
- PR Newswire
- Article date:
- February 22, 2002
CopyrightCOPYRIGHT 2002 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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HOUSTON -- Ashford.com , a leading e-commerce destination offering luxury goods to individuals and corporate clients, announced today that it has received a letter from the Nasdaq National Market indicating that the company no longer complies with the $1.00 minimum bid price requirement stated in Marketplace Rule 4450 (a)(5).
Ashford.com has until May 15, 2002, ninety calendar days, to regain compliance with this rule, which would require the company's stock to achieve a bid price of $1.00 or more for a minimum of 10 consecutive days during that period. If Ashford.com fails to meet this requirement, it will become subject to delisting from the Nasdaq National ...