Posted on 12/30/2009 12:10:39 PM PST by smokingfrog
TierOne Bank's owners say they have received a Nasdaq delisting notice because the company's stock price has been below $1 for more than 30 consecutive business days.
TierOne Corp., the Nebraska-based parent of TierOne Bank, said Tuesday that it plans to comply with Nasdaq rules before the stock market's June 28 deadline, but the company is still evaluating its options.
TierOne's stock has closed below $1 every day since Nov. 12, and it was trading at 70 cents on Wednesday afternoon.
TierOne has also missed a deadline for filing its third-quarter earnings report.
(Excerpt) Read more at abcnews.go.com ...
I SMELL BAILOUT COMING!!!!
ONE MORE VOTE TO CAST!!!!
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