OCZ in hot water with NASDAQ, receives letter threatening delisting
OCZ could be delisted from NASDAQ stock exchange for not filing proper financial disclosure forms
Trace Hagan | Apr 15, 2013 at 02:25 pm CDT (0 mins, 31 secs reading time)
OCZ has received a letter from the NASDAQ stock exchange explaining that they will be delisted from the stock exchange if they do not disclose financial earnings. OCZ is able to request a stay of delisting which will then have to be approved by the NASDAQ Listing Qualifications Panel.
We all know OCZ has been in a bit of financial trouble and has laid off a large portion of its staff. It also delayed reporting its financial earnings and has still not reported earnings for the quarters ending August 31, 2012, November 30, 2012.
OCZ says that they have made substantial progress towards completing the required financial documentation.
Last updated: Nov 30, -0001 at 12:00 am CST
NEWS SOURCE:biz.yahoo.com
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