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Share Name | Share Symbol | Market | Type |
---|---|---|---|
American Mold Guard (MM) | NASDAQ:AMGI | NASDAQ | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 0.0431 | 0 | 01:00:00 |
California
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74-3077656
|
|
(State or other jurisdiction of
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(IRS Employer
|
|
incorporation)
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Identification No.)
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Based upon a review of the Company's Annual Report on Form 10-KSB for the year ended December 31, 2007, the staff of The Nasdaq Stock Market (the "Staff") determined that the Company no longer satisfies Nasdaq Marketplace Rule 4310(c)(3) (the "Rule") which requires that the Company have either (a) a minimum of $2,500,000 of stockholders' equity, (b) a $35,000,000 market value of listed securities or (c) $500,000 of net income from continuing operations for the most recently completed fiscal year or two of the three most recently completed fiscal years. As a result of the Company's noncompliance with the Rule, the Staff is reviewing the Company's eligibility for continued listing on the Nasdaq Capital Market. To facilitate this review, the Company is to provide a specific plan to achieve and sustain compliance with all of the Nasdaq Stock Market's listing requirements, including the time frame for completion of the plan, by April 9, 2008. In the event the Staff determines that the Company's plan does not adequately address the Company's failure to comply with the Rule, the Staff may provide written notification to the Company that its securities will be delisted. The Company would then have the ability to appeal the Staff's decision to the Nasdaq Listing Qualifications Panel.
The Company issued a press release on March 26, 2008 regarding the matters discussed hereinabove. A copy of the press release is attached hereto as Exhibit 99.1 and incorporated herein by reference.
1 Year American Mold Guard (MM) Chart
1 Month American Mold Guard (MM) Chart
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