TPPH Gets Nasdaq Compliance Notice
Tapestry Pharmaceuticals, Inc. (Nasdaq: TPPH) disclosed in a filing that on February 25th it received notice from The Nasdaq Stock Market, Inc. that its minimum bid price had fallen below $1.00 for 30 consecutive business days and that its securities are, therefore, subject to delisting from the Nasdaq SmallCapMarket. Nasdaq Marketplace Rule 4310(c)(4) requires a $1.00 minimum bid price for continued listing of an issuer's common stock. Tapestry has until August 24, 2005 (180 calendar days from February 25, 2005) to regain compliance.
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