$UNVC --- Going back to the date of delisting from
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Posted On: 02/13/2021 3:05:15 PM
$UNVC --- Going back to the date of delisting from the Nasdaq
UNVC common stock was de-listed from The Nasdaq SmallCap Market
effective the close of business on June 30, 1999. Trading volume has been
limited since that time and the closing sale price for UNVC common stock
declined from $1.15625 per share on June 30, 1999 to $.41 on November 8, 1999.
During the period from June 30 through November 8,
1999, the low closing price on the NASD's "Electronic Bulletin Board" was $.1875
per share.
Generally, for continued inclusion on the Nasdaq SmallCap Market, an
issuer is required, among other things, to have net tangible assets of $2
million (or alternatively, net income of $500,000 in two of the most recent
three fiscal years, or a market capitalization of $35 million), a bid price of
at least $1.00 and at least two market makers, and to file reports required to
be filed with the Securities and Exchange Commission. In addition, under the
rules of the Nasdaq SmallCap Market, a Nasdaq panel can exercise broad
discretion in determining whether securities should continue to be quoted and
may consider an issuer's ability to comply on a long-term basis with all the
requirements for continued inclusion or may apply additional or more stringent
criteria.
At a hearing before a Nasdaq panel on June 10, 1999, UNVC represented
that they could maintain compliance with Nasdaq continued listing requirements and
has appealed the panel's decision to delist their securities.
Trading in UNVC common stock and redeemable warrants is now being
conducted in the over-the-counter market on the NASD's "Electronic Bulletin
Board."
The market price for UNVC common stock has been highly volatile.
The market price of UNVC common stock has been highly volatile. UNVC
operating results, the de-listing of the securities from the Nasdaq
SmallCap Market and the large number of shares issuable upon exercise of
outstanding options and warrants and conversion of convertible securities
impacted the market price of UNVC securities.
UNVC common stock was de-listed from The Nasdaq SmallCap Market
effective the close of business on June 30, 1999. Trading volume has been
limited since that time and the closing sale price for UNVC common stock
declined from $1.15625 per share on June 30, 1999 to $.41 on November 8, 1999.
During the period from June 30 through November 8,
1999, the low closing price on the NASD's "Electronic Bulletin Board" was $.1875
per share.
Generally, for continued inclusion on the Nasdaq SmallCap Market, an
issuer is required, among other things, to have net tangible assets of $2
million (or alternatively, net income of $500,000 in two of the most recent
three fiscal years, or a market capitalization of $35 million), a bid price of
at least $1.00 and at least two market makers, and to file reports required to
be filed with the Securities and Exchange Commission. In addition, under the
rules of the Nasdaq SmallCap Market, a Nasdaq panel can exercise broad
discretion in determining whether securities should continue to be quoted and
may consider an issuer's ability to comply on a long-term basis with all the
requirements for continued inclusion or may apply additional or more stringent
criteria.
At a hearing before a Nasdaq panel on June 10, 1999, UNVC represented
that they could maintain compliance with Nasdaq continued listing requirements and
has appealed the panel's decision to delist their securities.
Trading in UNVC common stock and redeemable warrants is now being
conducted in the over-the-counter market on the NASD's "Electronic Bulletin
Board."
The market price for UNVC common stock has been highly volatile.
The market price of UNVC common stock has been highly volatile. UNVC
operating results, the de-listing of the securities from the Nasdaq
SmallCap Market and the large number of shares issuable upon exercise of
outstanding options and warrants and conversion of convertible securities
impacted the market price of UNVC securities.
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