February 27, 2016 5:29pm

 

Late Friday night, CLBS issues an 8-K rather than a press release about its delisting


 

CLBS closed UP +$0.0002 to $0.59. WHY is an 8-K going out instead of a press release LATE on a Friday night? 

 

WHY - CLBS received written notice from the Listing Qualifications Department of The NASDAQ Stock Market LLC notifying CLBS that for the preceding 30 consecutive business days, the common stock did NOT maintain a minimum closing bid price of $1.00 per share as required by NASDAQ Listing Rule 5550(a) (2).

 

The Bottom Line:"CLBS has a grace period of 180 calendar days, or until August 23, 2016. When a company tries to HIDE an issue, one knows there is more BEHIND the story.

A typical <CEO> Mazzo action or ploy?

SELL