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AERT notified of below-$1 share price
AP ONLINE
posted: 42 DAYS 6 HOURS AGO
SPRINGDALE, Ark. (AP) — Nasdaq has informed Advanced Environmental Recycling Technologies Inc. that it has still not complied with an exchange rule requiring it to trade at $1 per share or more, the company said Tuesday.
The plastics recycler and manufacturer of environmentally friendly building products said it may present its views regarding the "deficiency" to a Nasdaq hearings panel, but did not say what else it might do.
Shares fell a penny, to 49 cents per share, in afternoon trading.
COMMENTS ( 1 )
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JMartin184
11:35AM Oct 14 2009
If management believes listing is important, do a 1 for 5 reverse stock split. Everything else being equal, the price per share should approach $2.00.
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