No doubt the folks at Equity Media Holdings were already aware of their stock price, but Nasdaq has sent them official notice that the company’s stock may lose its listing on the Nasdaq Capital Market because the closing price has been below one buck for at least 30 consecutive business days. Equity Media has until November 10th to get back in compliance. That would mean having its stock close at $1.00 or more for a minimum of 10 consecutive business days. “The Company is presently assessing the options available to achieve compliance with the Rule and intends to retain its NASDAQ listing,” Equity Media Holdings said in announcing the Nasdaq notification.
