On September 17, 2009
Sirius Has Serious Share Price Hangover
When a company has been hurting and its share price is largely in the toilet, it faces a potentially big problem: delisting. The exchanges demand a certain floor price to remain listed. And today, Sirius XM announced that Nasdaq sent notice that it was out of compliance. In this case, it means that the share price has closed under a dollar for more than 30 consecutive business days.
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