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Nestor faces de-listing by Nasdaq

PROVIDENCE – Nestor Inc. (Nasdaq: NEST) was notified by the Nasdaq Stock Market LLC, in a letter dated Tuesday, that the market intends to end trading in the company’s stock at the end of this month and de-list the securities. Nestor said it “does not expect that it will appeal the staff’s delisting determination.”

A year ago today, the traffic-safety systems and services provider was notified that – because its stock had traded below $1 per share for the previous 30 business days – it was no longer in compliance with requirements for continued listing on Nasdaq. In accordance with marketplace rules, Nestor was given 180 days to meet the market’s minimum bid price requirement or risk delisting.

Complete article can be found here

H/T to Ladalang for these articles.

And, there’s also the thought of “BIG BROTHER” watching over us.

Your thoughts, please.