Slowly, appears we're making a little progress --- I'm going to vote YES for the R/S. I don't like it.....but, I think our chances of staying OFF (bullshit pink sheets) 'does' make a difference going forward. However, to your point, I think it's moot. R/S is coming !
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-- NASDAQ Capital Market Listing:
- On October 2, 2009, received a Staff Determination letter from
the NASDAQ Stock Market (NASDAQ) indicating that Aastrom had
not regained compliance with the $1.00 minimum closing bid
price requirement for continued listing set forth in NASDAQ
Listing Rule 5550(a)(2).
- Requested an oral hearing, which stays the delisting of
Aastrom's securities through the hearing process. NASDAQ has
scheduled the hearing for November 12, 2009.
- At the hearing, intend to request continued listing on the
NASDAQ Capital Market based upon Aastrom's plan for regaining
compliance with the minimum bid price requirement. The Panel
has the authority, if it deems appropriate, to grant Aastrom up
to an additional 180 days from the date of the Staff
Determination letter of October 2, 2009, or until March 31,
2010, to implement the plan of compliance. The plan will
include a discussion of the events that the Company believes
will enable it to regain compliance in this time frame, along
with a commitment to effect a reverse stock split, if necessary.