Triple P (NASDAQ:TPPP)
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From Jul 2019 to Jul 2024
Triple P N.V. (NASDAQ SCM: TPPP) announced that it
received a determination letter from the staff of The Nasdaq Stock
Market dated July 8, 2005 indicating that its common shares were no
longer eligible to be listed on The Nasdaq SmallCap Market because the
company is not in compliance with Marketplace Rule 4320(e)(2)(B),
which requires that a company maintain shareholders' equity of US$2.5
million market value of listed securities of US$35 million; or
US$500,000 of net income from continuing operations for the most
recently completed fiscal year or in two of the three most recently
completed fiscal years. Nasdaq has indicated that Triple P's common
shares will be delisted from the Nasdaq SmallCap Market at the opening
of business on July 19, 2005.
Triple P expects that one or more of its market makers will make
application to register in and quote the common shares on the
over-the-counter bulletin board ("OTCBB"). The company also expects
that it will continue to use TPPP as its trading symbol on the OTCBB.
About Triple P
Triple P (Nasdaq SCM: TPPP) designs, supplies, builds and manages
ICT-solutions that in an efficient way contribute to your company's
results. The three p's - people performance and partnership - are the
basis for long-lasting and successful relationships with our
customers.
This release contains a number of forward-looking statements based
on current expectations, including potential financing plans and the
impact of restructuring plans. Any statements contained herein that
are not statements of historical fact may be deemed to be
forward-looking statements. Without limiting the foregoing, the words
"believes," "anticipates," "plans," "expects," "intends," and similar
expressions are intended to identify forward-looking statements.
Actual results may differ materially due to a number of factors which
include, but are not limited to: overall ICT- spending and demand for
ICT services in the Netherlands; the timing of significant orders; the
ability to hire, train and retain qualified personnel; the total
amount of severance and other costs needed to complete the Company's
restructuring plans and fierce competition. For a more thorough
discussion of these risks and uncertainties, see the Company's filings
with the Securities and Exchange Commission, particularly its most
recent annual report on Form 20-F.