CPS Receives Deficiency Notice (CPSS)
Consumer Portfolio Services, Inc. (Nasdaq: CPSS) today announced that it received a NASDAQ staff deficiency letter on August 24, 2010 indicating that the Company has failed to comply with the minimum bid price of $1.00 as required by Rule 5450.
CPS has until February 22, 2011 to regain compliance; otherwise its common stock would be subject to delisting. The Company is considering several alternatives that could be taken to maintain a listing of its common stock.
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