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DATE: May 25 2012
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Friday 10th July 2009

World Poker Tour Enterprises Regains Listing

America’s World Poker Tour Enterprises (WPTE) Incorporated has announced that it has received notification from New York’s NASDAQ stock exchange that it has regained compliance with the body’s minimum listing price requirements. In order to be listed on the bourse, companies’ shares must trade for at least one dollar each and any firm that does not meet this requirement for 30 consecutive business days faces having its stock de-listed. Once a firm is warned, it has 180 calendar days to become compliant, which requires that the bid price of its stock must remain above one dollar for a minimum of ten consecutive business days, something that WPTE accomplished on June 30. As a result, NASDAQ revealed that previously disclosed de-listing proceedings relating to WPTE’s closing bid price compliance were now at an end.

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Source: OnlineCasinoNews

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