Navigation Links
AMEX Notifies Signalife that It Will Need to Comply with Minimum Stockholders' Equity Requirement
Date:1/14/2008

GREENVILLE, S.C., Jan. 14 /PRNewswire-FirstCall/ -- On January 7, 2008, The American Stock Exchange ("AMEX") issued a deficiency letter to Signalife pursuant to which it advised Signalife that it would need to comply with the $6 million stockholders' equity threshold required for continued listing under AMEX Rules 1003(a)(iii). This notification was triggered by the recent decline of Signalife's market capitalization to less than $50 million, which previously exempted Signalife from meeting the minimum stockholders' equity requirement. Pursuant to the letter, Signalife will be required to submit to AMEX by February 6, 2008 for its review and acceptance a plan to bring the company into compliance with the aforesaid stockholders' equity requirement within a sixteen month period or by such earlier date as AMEX may deem reasonable. Signalife is presently preparing a plan to submit to AMEX to address the stockholders' equity matter.

The deficiency letter is the second instance in which AMEX noted the decline in Signalife's market price to below the $50 million level. Signalife received the earlier deficiency letter from AMEX in June 2007, pursuant to which Signalife provided a plan to AMEX which was not rejected by AMEX and which Signalife will amend and resubmit in response to this latest notice. This earlier deficiency was cured in October 2007 as a result of the return of Signalife's market capitalization to above $50 million.

No guarantee can be given that AMEX will accept the plan or that Signalife will be able to so increase its stockholders' equity to the $6 million threshold within the period stipulated by AMEX, either of which would lead to a delisting of Signalife's common shares from the AMEX market. If Signalife's market capitalization were to again return to levels above $50 million, and were maintained at that level, and if the Company was otherwise in compliance with all AMEX rules, then the new plan to be submitted will not need to be
'/>"/>

SOURCE Signalife, Inc.
Copyright©2008 PR Newswire.
All rights reserved

0

GOOD

Page: 1 2 3

Related biology technology :

1. Signalife Provides Corporate Update
2. Legendary Earvin Magic Johnson Joins AFL/Signalife Cardiovascular Protection Team
3. Signalifes Dr. Harmison Launches Award-Winning Ambulatory Heart Monitor
4. Signalife Achieves $1.98 Million Sales Orders Thus Far
5. Signalife Receives Another $3.3 Million Sales Orders
6. NFL Hall of Fame Legend Fred Biletnikoff Joins AFL/Signalife Cardiovascular Protection Team
7. Signalife Continues to Procure Purchase Orders, Revenues
8. Signalife Receives FDA Clearance for OTC Non-Prescription Event Recorder Device
9. U.S. Patent 7,299,083 Awarded to Signalife
10. Signalife Presence at XIII World Congress on Cardiac Pacing and Electrophysiology
11. Tapestry Receives Notice Regarding Minimum Bid Price Rule

Post Your Comments:
*Name:
*Comment:
*Email:
(Date:11/28/2009)...Vanuatu National Advisory Committee on Climate Cha...ion (SNC) Project in collaboration with the Vanuat...New Zealand have generated preliminary climate cha...background for the country’s SNC reporting t...te Change (UNFCCC). , Po...
(Date:11/27/2009)...chanised blue dye test alternative is helping br...ance one step closer for pharma-companies. It is a...ne developed by Sepha for use with blister packs...l and global pharma-companies such as Sanofi-Aveni...nd productivity improvements on the packaging line...
(Date:11/25/2009)... 25 Biotech firm Replikins Ltd., w...m the 1918 pandemic through the prediction, outbre...ay issued its latest biochemical analysis of the v... H1N1 ("Swine Flu") virus has dropped from its pea...break in the spring of 2009 to resting non-epidemi...
(Date:11/25/2009)...25 /PRNewswire/ - Cytochroma today announced the a...ectors. Dr. Moldt will replace Mr. Ulrik Spork as .... The number of Board members remains unchanged at...e Peter Moldt to the board and look forward to ben...roma continues to make progress in becoming a lead...
Breaking Biology Technology:Preliminary Climate and Sea Level Changes for Vanuatu Through the Application of SimCLIM 2Preliminary Climate and Sea Level Changes for Vanuatu Through the Application of SimCLIM 3Preliminary Climate and Sea Level Changes for Vanuatu Through the Application of SimCLIM 4Sepha's Blue Dye Test Alternative Brings ‘Complete Automation' To Pharma-Packaging Quality Assurance 2Sepha's Blue Dye Test Alternative Brings ‘Complete Automation' To Pharma-Packaging Quality Assurance 3Biological H1N1 Vaccines: Too Little, Too Late 2Biological H1N1 Vaccines: Too Little, Too Late 3Biological H1N1 Vaccines: Too Little, Too Late 4Biological H1N1 Vaccines: Too Little, Too Late 5Cytochroma Announces Appointment of Peter Moldt to Board of Directors 2
...w sensor structures that could be used in novel se...r in highly sensitive medical sensors, according t...etters . , The new ,nanosensors, which are based... and US research groups, could be tailor-made to i...es, for example poisons or explosives in transport...
...rstCall/ - EnWave Corporation (TSX-V: ENW) ("EnWav...l completion of tests using its recently developed...es and probiotics from the Danish group Danisco. T...greement signed with Danisco last year. The object...thod delivering high-speed continuous bulk powder ...
...elease is being issued by Council for American Med...m.com/cgi-bin/prnh/20090325/DC89081LOGO ) , , ...of medical science and discovery in the United Sta...to maintaining America,s leadership in medical inn...advocates, biotechnology industry representatives,...
Other Biology Technology:New security and medical sensor devices made possible by metallic nanostructures 2EnWave Announces Collaboration and Initial Testing Results with Danisco AS 2EnWave Announces Collaboration and Initial Testing Results with Danisco AS 3Council for American Medical Innovation Brings U.S. Leaders in Medicine, Biotechnology and Discovery Together in Chicago for 'Best and Brightest Forum on Medical Innovation' 2
(Date:11/24/2009)...protein that may help gut bacteria bind to the gas...probiotic producers to identify strains that are l...ics need to interact with cells lining the gut to ...rfaces in the gut they are more likely to stick ar... Nathalie Juge from the Institute of Food Research...
(Date:11/24/2009)...ber 24, 2009) -- The Wildlife Conservation Society... last remaining population of Siberian tigers has ...de of poaching and habitat loss. , W...als of what needs to be done to protect remaining ... The report was released by the Siberian Tig...
(Date:11/24/2009)...Spanish . , The presence of increased body f...bstances in the blood, hinders the loss and mainte...ct of the University of Navarra conducted by Estba...Pharmacy. , The project, entitled "A nutrigeneti...l of body weight and inflammation," examines how t...
Breaking Biology News(10 mins):A sticky solution for identifying effective probiotics 2Report shows dramatic decline in Siberian tigers 2It can be predicted the reaction obese patients will have to a diet 2Antipsychotic Drugs Spur Dramatic Weight Gain in Kids 60185 1Antipsychotic Drugs Spur Dramatic Weight Gain in Kids 60185 2Antipsychotic Drugs Spur Dramatic Weight Gain in Kids 60185 3Antipsychotic Drugs Spur Dramatic Weight Gain in Kids 60185 4More Swine Flu Vaccine Coming Soon 60183 1More Swine Flu Vaccine Coming Soon 60183 2More Swine Flu Vaccine Coming Soon 60183 3Phone Counseling for Depression Rings With Promise 60181 1Phone Counseling for Depression Rings With Promise 60181 2
... Radiological health expert Daniel Hayes, Ph.D., o...l Hygiene suggests that a form of vitamin D could ...ge from low levels of radiation. Writing in the I...ains that calcitriol, the active form of vitamin D...ld be used as a safe protective agent before or af...
..., The answer to successful revegetation of native ...necessarily relying on remnant local native vegeta...local native plants are the best source of seed fo... from CSIRO, Australia,s national science agency. ...ted to local conditions and therefore it would pro...
... AMES, Iowa -- Turtles nesting along the Mississip...g dates in response to rising temperatures, says a...nzen, a professor in ecology, evolution and organi...d also accumulated research going back decades in ...ut when they make nests and lay eggs. , "The resu...
Other Biology News:Could vitamin D save us from radiation? 2Turtles alter nesting dates due to temperature change says ISU researcher 2
Goat Anti-Human NP-1 (Alpha-Defensin-1) Polyclonal Antibody, Unconjugated from PeproTech
Rabbit Anti-Raf-1 (C-12)-G Polyclonal Antibody, Unconjugated from Santa Cruz Biotechnology, Inc.
Anti-Human Amyloid beta [1-16] Monoclonal Antibody, Unconjugated, Clone 6E10 from Cell Sciences
...Development kit contains the basic components requ...sure natural and recombinant mouse Dickkopf homolo...Each kit contains sufficient materials to run ELIS...ed that the following conditions are met: The ass...
Biology Products: