Quick Facts
FONT-SIZE Plus   Neg
Share SHARE

Enova Systems Receives Non-compliance Letter From NYSE Amex - Quick Facts

RELATED NEWS
Trade ENV now with 

Enova Systems Inc. (ENA, ENV.L, ENVS.L) announced that, on April 17, 2012, it received notice from the NYSE Amex LLC indicating that the Company is not in compliance with one of the Exchange's continued listing standards.

Specifically, the Company is not in compliance with Section 1003(a) (iii) with stockholders' equity of less than $6 million and losses from continuing operations and/or net losses in five consecutive fiscal years.

Enova said that it has been afforded the opportunity to submit a plan of compliance to the Exchange by May 17, 2012 addressing how the Company intends to regain compliance with the continued listing standards of the Company Guide within a maximum of 18 months.

The Company is taking steps to prepare and submit such a plan to the Exchange on or before May 17, 2012. If the plan is accepted but the Company is not in compliance with the continued listing standards of the Company Guide by October 15, 2013 or if the Company is not making progress consistent with the plan during the Plan Period, the Company would become subject to delisting procedures in accordance with Section 1010 and Part 12 of the Company Guide.

Click here to receive FREE breaking news email alerts for Envestnet, Inc. and others in your portfolio

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
Oracle Corp. said Thursday after the markets closed that its first quarter profit fell slightly from last year, hurt mainly by higher income tax expenses even as revenue increased 3%. The company's quarterly earnings per share, excluding items, also came in below analysts' expectations as did its quarterly revenue. After ending the previous session mostly higher following the Federal Reserve's monetary policy announcement, stocks saw further upside during trading on Thursday. The gains on the day lifted the Dow and the S&P 500 to new record closing highs. Incumbent Colorado Sen. Mark Udall, D-Col., trails his Republican challenger in the latest Quinnipiac University poll, with more than a third of likely voters describing their U.S. Senate vote as a vote against President Barack Obama.
comments powered by Disqus
FREE Newsletters, Analysis & Alerts

 

Stay informed with our FREE daily Newsletters and real-time breaking News Alerts. Sign up to receive the latest information on business news, health, technology, biotech, market analysis, currency trading and more.