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Business Briefs for Nov. 11: Star Scientific at risk of Nasdaq delisiting  

Jump to full article: Richmond (VA) Times-Dispatch, 2009-11-11
Author: Staff Reports

Intro:

Tobacco company Star Scientific Inc. has six months to get its stock price above $1 per share or face possible delisting from the Nasdaq stock exchange.

The Petersburg-based company said it was notified by Nasdaq officials on Nov. 5 that it was not in compliance with the exchange's minimum-bid rules because its closing per-share bid price was below $1 for 30 consecutive days.

Star said it has until May 4 to regain compliance. To do so, the closing bid price for its stock must be $1 or more for at least 10 consecutive trading days.

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