MagneGas Receives 180-day Extension to Meet NASDAQ Listing Requirements
MagneGas (NASDAQ: MNGA) announced today that NASDAQ has extended its listing requirements until July 14th 2014.
On January 14, 2014, the Company received a written notification from NASDAQ that the Company has been granted an additional 180 calendar days, or until July 14, 2014, to regain compliance with the minimum $1.00 bid price per share requirement of the Rule. The Company's stock has traded over $1.00 for six consecutive trading days so in the event that the stock continues to trade over $1.00 for another four consecutive trading days, then the Company will be in compliance with the NASDAQ guidelines.
For further information please visit the following link: http://www.sec.gov/Archives/edgar/data/1353487/000121390014000246/f8k011414_magnegascorp.htm
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