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 2:25 pm CDT

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.

OCZ in hot water with NASDAQ, receives letter threatening delisting | TweakTown.com

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: Jun 16, 2020 at 04:29 pm CDT

NEWS SOURCE:biz.yahoo.com

ABOUT THE AUTHOR - Trace Hagan

Trace is a starving college student studying Computer Science. He has a love of the English language and an addiction for new technology and speculation. When he's not writing, studying, or going to class, he can be found on the soccer pitch, both playing and coaching, or on the mountain snowboarding.