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toolsNexCen Subject to Delisting
NexCen Doubtful of Surviving By: Janet Sparks (8 replies) Tue, 2008/05/20 - 17:54
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NexCen Subject to Delisting
NEW YORK (Blue MauMau) - NexCen Brands, Inc. received a Nasdaq Staff Determination letter dated May 20, 2008. The Nasdaq Stock Market declares that the company has not been in compliance with the filing requirements. After failing to meet the March 31, 2008 filing deadline, NexCen's common stock is now subject to delisting. In response, NexCen announced it will request a hearing before the Nasdaq Listing Qualifications Panel to push its continued listing. The company announced earlier this week a delay in filing its 10-Q quarterly. It also declared that its 2007 annual report is inaccurate and will be amended.