Pro-Pharmaceuticals (PRW) Receives Non-Compliance Notification From AMEX

June 26, 2007 6:15 PM EDT

Pro-Pharmaceuticals, Inc. (Amex: PRW) received a notice from the American Stock Exchange Listing Qualifications Department that it is reviewing the Company\'s eligibility for continued listing. Specifically, the notice cited that the Company does not comply with the Amex\'s minimum $2 million stockholders\' equity and losses from continuing operations and/or net losses in two of its last three years set forth in Section 1003 (a) (i) of the Amex Company Guide. To facilitate the review, the Company has been asked to provide, on or before July 23, 2007, a specific plan and timeframe to achieve and sustain compliance with all Amex market listing requirements. The Company intends to submit a plan to regain compliance on or before the requested date.


Related Categories

Corporate News

Stocks Mentioned

PRW 0.12

+0.00 +0.00%
Volume: 88,101
Track PRW


Add Your Comment