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Nasdaq Says Quepasa Is Noncompliant – Nasdaq Informs Quepasa That It Does Not Comply With Minimum Shareholder-Equity Requirements
Quepasa Corp. said Wednesday that Nasdaq has informed the company that it no longer complies with minimum shareholder-equity requirements.
Nasdaq sent the company a deficiency letter stating that it is not meeting Rule 4310(c)(3). That rule requires Quepasa to have a minimum of $2.5 million in stockholders’ equity; $35 million in market value; or $500,000 of net income from continuing operations during the most recently completed fiscal year or two of the last three fiscal years.”*
*From: money.cnn.com
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Filed Under: 1. Hispanic News, Business, Business News, Eye Openers
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