GreenHunter Energy Gets Delisting Letter from NASDAQ
GreenHunter Energy (NYSE: GRH), a diversified renewable energy company predominately focused on water resource management in the unconventional oil and shale resource plays, announced today that on November 18, 2011, the Company received notice from the Exchange Staff of the NYSE Amex LLC indicating that the Company is below one of the Exchange's continued listing requirements of the NYSE Amex LLC's Company Guide due to the Company sustaining losses which are so substantial in relation to its overall operations or its existing financial resources, or its financial condition has become so impaired that it appears questionable, in the opinion of the Exchange, that the Company will be able to continue operations and/or meet its obligations as they become due as set forth in Section 1003 of the Company Guide.
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