$INVT been great lately, But r/s coming. r/s's hav
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(Total Views: 575)
Posted On: 06/07/2017 7:52:34 AM
Re: johnolstone #17484
$INVT been great lately, But r/s coming. r/s's have not worked out for us lately!
Inventergy Global Files 8K - Listing Notice >INVT
15 hours 26 minutes ago - DJNF
Inventergy Global Inc. (INVT) filed a Form 8K - Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing - with the U.S Securities and Exchange Commission on June 06, 2017.
As previously disclosed in the Current Report on Form 8-K filed on November 25, 2016 by Inventergy Global, Inc. (the "Company"
, on November 21, 2016, the Company received notice from The NASDAQ Stock Market ("Nasdaq" indicating that, because the closing bid price for the Company's common stock had fallen below $1.00 per share for 30 consecutive business days, the Company no longer complied with the minimum bid price requirement (the "Minimum Bid Price Requirement" for continued listing on the Nasdaq Capital Market as set forth in Nasdaq Listing Rule 5550(a)(2). As previously disclosed in the Current Report on Form 8-K filed on April 13, 2017 by the Company, on April 7, 2017, the Company received notice from Nasdaq that the Company no longer complied with the minimum $2,500,000 stockholders' equity requirement (the "Stockholders' Equity Requirement" for continued listing on the Nasdaq Capital Market as set forth in Nasdaq Listing Rule 5550(b)(1).
The Company subsequently submitted a notice of appeal to Nasdaq appealing its determination that the Company no longer complied with the Stockholders' Equity Requirement and requested an additional 180 calendar days to regain compliance with the Minimum Bid Price Requirement. The appeal was heard before a hearings panel (the "Panel" on June 1, 2017.
On June 5, 2017, the Panel issued its decision pursuant to which it determined to delist the Company's common stock from, and suspend trading in the Company's common stock on, the Nasdaq Capital Market, effective at the open of business on June 7, 2017, due to the Company's failure to comply with the Stockholders' Equity Requirement and Minimum Bid Price Requirement. Subsequent to the issuance of the Panel's decision, the Company provided the Panel with additional information indicating the Company's compliance with the Stockholders' Equity Requirement. Specifically, the Company completed the accounting for the transactions contemplated in the restructuring agreement by and between the Company and its lender, DBD Credit Funding LLC, which closed on April 27, 2017 (the "Restructuring Agreement" . The resulting gain on debt extinguishment as a result of such transaction and the valuation of the Company's share of INVT SPE LLC, the special purpose entity created under the Restructuring Agreement, resulted in the Company having stockholders' equity of approximately $7.2 million as of April 30, 2017.
Based on the foregoing, the Company believes that, as of April 30, 2017 and as of the date of this Current Report on Form 8-K, it has been in compliance with the Stockholders' Equity Requirement and is eligible for an additional 180 calendar days to regain compliance with the Minimum Bid Price Requirement. Accordingly, the Company has requested that the Panel reconsider its delisting determination.
If trading of the Company's common stock on the Nasdaq Capital Market is suspended as of the open of business on June 7, 2017, the Company expects its common stock to trade on the electronic quotation service operated by OTC Markets Group Inc. (www.otcmarkets.com) under its current ticker symbol "INVT."
The full text of this SEC filing can be retrieved at: http://www.sec.gov/Archives/edgar/data/108475...565_8k.htm
Any exhibits and associated documents for this SEC filing can be retrieved at: http://www.sec.gov/Archives/edgar/data/108475...-index.htm
Public companies must file a Form 8-K, or current report, with the SEC generally within four days of any event that could materially affect a company's financial position or the value of its shares.
(END) Dow Jones Newswires
June 06, 2017 16:25 ET (20:25 GMT)
Copyright (c) 2017 Dow Jones & Company, Inc.
Inventergy Global Files 8K - Listing Notice >INVT
15 hours 26 minutes ago - DJNF
Inventergy Global Inc. (INVT) filed a Form 8K - Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing - with the U.S Securities and Exchange Commission on June 06, 2017.
As previously disclosed in the Current Report on Form 8-K filed on November 25, 2016 by Inventergy Global, Inc. (the "Company"
, on November 21, 2016, the Company received notice from The NASDAQ Stock Market ("Nasdaq" indicating that, because the closing bid price for the Company's common stock had fallen below $1.00 per share for 30 consecutive business days, the Company no longer complied with the minimum bid price requirement (the "Minimum Bid Price Requirement" for continued listing on the Nasdaq Capital Market as set forth in Nasdaq Listing Rule 5550(a)(2). As previously disclosed in the Current Report on Form 8-K filed on April 13, 2017 by the Company, on April 7, 2017, the Company received notice from Nasdaq that the Company no longer complied with the minimum $2,500,000 stockholders' equity requirement (the "Stockholders' Equity Requirement" for continued listing on the Nasdaq Capital Market as set forth in Nasdaq Listing Rule 5550(b)(1). The Company subsequently submitted a notice of appeal to Nasdaq appealing its determination that the Company no longer complied with the Stockholders' Equity Requirement and requested an additional 180 calendar days to regain compliance with the Minimum Bid Price Requirement. The appeal was heard before a hearings panel (the "Panel"
on June 1, 2017. On June 5, 2017, the Panel issued its decision pursuant to which it determined to delist the Company's common stock from, and suspend trading in the Company's common stock on, the Nasdaq Capital Market, effective at the open of business on June 7, 2017, due to the Company's failure to comply with the Stockholders' Equity Requirement and Minimum Bid Price Requirement. Subsequent to the issuance of the Panel's decision, the Company provided the Panel with additional information indicating the Company's compliance with the Stockholders' Equity Requirement. Specifically, the Company completed the accounting for the transactions contemplated in the restructuring agreement by and between the Company and its lender, DBD Credit Funding LLC, which closed on April 27, 2017 (the "Restructuring Agreement"
. The resulting gain on debt extinguishment as a result of such transaction and the valuation of the Company's share of INVT SPE LLC, the special purpose entity created under the Restructuring Agreement, resulted in the Company having stockholders' equity of approximately $7.2 million as of April 30, 2017. Based on the foregoing, the Company believes that, as of April 30, 2017 and as of the date of this Current Report on Form 8-K, it has been in compliance with the Stockholders' Equity Requirement and is eligible for an additional 180 calendar days to regain compliance with the Minimum Bid Price Requirement. Accordingly, the Company has requested that the Panel reconsider its delisting determination.
If trading of the Company's common stock on the Nasdaq Capital Market is suspended as of the open of business on June 7, 2017, the Company expects its common stock to trade on the electronic quotation service operated by OTC Markets Group Inc. (www.otcmarkets.com) under its current ticker symbol "INVT."
The full text of this SEC filing can be retrieved at: http://www.sec.gov/Archives/edgar/data/108475...565_8k.htm
Any exhibits and associated documents for this SEC filing can be retrieved at: http://www.sec.gov/Archives/edgar/data/108475...-index.htm
Public companies must file a Form 8-K, or current report, with the SEC generally within four days of any event that could materially affect a company's financial position or the value of its shares.
(END) Dow Jones Newswires
June 06, 2017 16:25 ET (20:25 GMT)
Copyright (c) 2017 Dow Jones & Company, Inc.
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I'm in it to win it!
NASDAQ DIP and RIP
Here is the best word that describes what i do here.
Intuitive;
means having the ability to understand or know something without any direct evidence or reasoning process.
I was born with it, I'm truly blessed!
Alway's searching for winners'
NASDAQ DIP and RIP
Here is the best word that describes what i do here.
Intuitive;
means having the ability to understand or know something without any direct evidence or reasoning process.
I was born with it, I'm truly blessed!
Alway's searching for winners'
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