Posted On: 08/26/2015 4:12:31 PM
Post# of 30070
Re: All Aboard #19986
This is my concern. From the NASDAQ FAQs:
"FAQ - Does Nasdaq have the authority to deny a company or delist a company that otherwise meets the quantitative and qualitative criteria for initial or continued listing?
Yes. As set forth in Listing Rule 5101 and IM-5101-1, in addition to applying the enumerated criteria set forth in Listing Rules 5300, 5400, 5500, 5600 and 5700, Nasdaq will exercise broad discretionary authority over the initial and continued inclusion of securities in Nasdaq in order to maintain the quality of and public confidence in its market."
"FAQ - Does Nasdaq have the authority to deny a company or delist a company that otherwise meets the quantitative and qualitative criteria for initial or continued listing?
Yes. As set forth in Listing Rule 5101 and IM-5101-1, in addition to applying the enumerated criteria set forth in Listing Rules 5300, 5400, 5500, 5600 and 5700, Nasdaq will exercise broad discretionary authority over the initial and continued inclusion of securities in Nasdaq in order to maintain the quality of and public confidence in its market."
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