Oculus Innovative Sciences receives notification from NASDAQ regarding stockholders' equity
Thu. November 27, 2008; Posted: 08:08 AM
Nov 27, 2008 (M2 EQUITYBITES via COMTEX) --
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PowerRating -- Oculus Innovative Sciences Inc (NASDAQ:OCLS), a biopharmaceutical
company, reported on 26 November that NASDAQ Stock Market notified the
company that its stockholders' equity was less than the USD10m at 30
September 2008 required for continued listing on the NASDAQ Global
Market under Marketplace Rule 4450(a)(3).
A
The notice, received in a letter dated 19 November 2008, is a standard
communication and has no immediate effect on the listing of the
company's common stock.
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NASDAQ requested that Oculus provided its plan to achieve and sustain
compliance with the continued listing requirements before 4 December
2008.
If NASDAQ determines that the company has not presented a definitive
plan to achieve compliance in the short term and sustain it in the long
term, it will be delisted from the NASDAQ Global Market after providing
a written notification. The company intends to submit a plan with
NASDAQ to maintain its NASDAQ Global Market listing, before 4 December
2008.
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click here. Oculus Innovative Sciences Inc (OCLS) has Short Term PowerRatings of 6. Details on Oculus Innovative Sciences Inc (OCLS) Short Term PowerRatings is available at
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