The NASDAQ stock exchange will not de-list Apple, as long as the company files its overdue quarterly report with the U.S. SEC, Apple said in another filing Friday. Apple – which had appealed NASDAQ’s previous de-listing notice – said the exchange will allow its shares of stock to continue trading on condition that Apple files its tardy 10Q within two months. “On October 24, 2006, Apple received a written notification from the staff of The Nasdaq Stock Market stating that the Nasdaq Listing Qualifications Panel has granted the Company’s request for continued listing on The Nasdaq Stock Market, subject to the condition that the Company shall file its Form 10-Q for the quarter ended July 1, 2006, and any required restatements, by December 29, 2006,” Apple said in Friday’s SEC filing.
NASDAQ Gives Apple De-listing Reprieve
2006-10-28 Apple 4 Comments
Not likely to hit the pink sheets at $80+.
… of being delisted. This is simply media hype.
I wonder, is there any good reason to be late on this type of a submission? I would image you would try to avoid being late at all costs because the company’s stock is very important to them and their customers.