Delisting warning

Published: 4-Sep-2006


Parlux has been notified by Nasdaq that it is in danger of being delisted as it has failed to comply with some of the stock exchange’s requirements. The company responded by delaying its quarterly results for the second time while it considers the cost of the stock option expense charge, which is related to outstanding warrants from a stock split.

The company has said that it intends to request a hearing before the Nasdaq panel and its shares will remain listed until the panel delivers its verdict

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