
08-30-2009, 01:26 PM
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 | | | Join Date: Aug 2009
Posts: 3,382
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Cyclacel Pharmaceuticals, Inc.
CYCCP Get your shorts on gang. http://news.yahoo.com/s/ap/20090828/...cals_delisting
BERKELEY HEIGHTS, N.J. – Cyclacel Pharmaceuticals Inc. said Friday it could be delisted from Nasdaq because it does not comply with the $10 million minimum shareholder equity requirement.
The company received a warning letter from the Nasdaq Listing Qualifications Department on Aug. 24.
As of June 30, the company's stockholders' equity was about $8.2 million.
Cyclacel said it plans on submitting a plan to regain compliance.
Shares of Cyclacel fell 3 cents, or 3.2 percent, to close at 91 cents. The stock has traded between 23 cents and $1.90 over the last 52 weeks.
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