NASDAQ/NYSE Delisting Notices Galore (BFNB, DEAR, DCGN, DNE, EUBK, HRZB, IAO, IPII, INHX, RPC, RGCI, RHIE, TONE, VIAP, XBKS)

It is year-end.  That means that NASDAQ and the NYSE have been sending out more and more letters of non-compliance to public companies over their subsequent listing requirements.  Some are due to capitalization minimums not being met, while many are due to share prices as so many stocks are still under the minimum share price.  Enter the land of penny stocks. These are some of the companies which have been under this notice:

Beach First National Bancshares Inc. (NASDAQ: BFNB)
Dearborn Bancorp, Inc. (NASDAQ: DEAR)
deCODE genetics, Inc. (NASDAQ: DCGN)
Dune Energy, Inc. (NYSE AMEX: DNE)
EuroBancshares, Inc. (NASDAQ: EUBK)
Horizon Financial Corp. (NASDAQ: HRZB)
IA Global, Inc. (NYSE AMEX: IAO)
Imperial Industries, Inc. (NASDAQ: IPII)
Inhibitex, Inc. (NASDAQ: INHX)
Radient Pharmaceuticals Corporation (NYSE Amex: RPC)
Regent Communications Inc. (NASDAQ: RGCI)
RHI Entertainment Inc. (NASDAQ: RHIE)
TierOne Corp. (NASDAQ: TONE)
VIA Pharmaceuticals, Inc. (NASDAQ: VIAP)
Xenith Bankshares, Inc. (NASDAQ: XBKS)

These are just the most recent delisting candidates.  There are many many more companies which fall in the delisting category.  Companies which receive delisting notifications rarely get delisted from NASDAQ or NYSE immediately.  There is a plan for re-listing process.  There are requests for exceptions and requests for extensions to these deadlines which are frequently granted.

These won’t be the last of the companies in the coming days which disclose delisting notifications.

JON C. OGG