| To: Jim Oravetz who wrote (432) | 10/18/2006 12:30:52 PM | | From: Jim Oravetz | | | | SatCon Tech Files To Shift Stk Listing To Nasdaq Cap Mkt
DOW JONES NEWSWIRES
October 18, 2006 10:52 a.m.
WASHINGTON (Dow Jones)--SatCon Technology Corp. (SATC) has applied to transfer the listing of its common stock from the Nasdaq Global Market to the Nasdaq Capital Market, according to a Securities and Exchange Commission filing Wednesday.
As reported, the company requested a hearing before a Nasdaq listing-qualification panel to review a recent finding by the stock exchange's staff that the company wasn't in compliance with the Global Market rules and was therefore subject to delisting.
SatCon said, however, that because there was no assurance the panel would allow the company to continue to list its stock on the Nasdaq Global Market, it decided to forgo the hearing and apply to transfer its securities to the Capital Market. If the application is approved, the hearing will be canceled.
Boston-based SatCon, which makes electronics and motors for various energy applications, said it expects to receive Nasdaq's approval of the transfer within two weeks and to maintain its current Global Market status pending that approval.
On Sept. 1, SatCon disclosed that it had received a letter from Nasdaq stating that the company had failed to comply with the exchange's market-value rule and had 30 days to regain compliance, which it didn't do. |
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| To: nigel bates who wrote (338) | 4/12/2008 3:27:05 PM | | From: Benny-Rubin | | | | Hi Nigel, I know its been 8 long years since you posted here on SATC but I need some Company as I am the one and only poster here. I rolled my CPST gains here and love what SATC is doing now. I really feel this will be a high flyer in both the short and long term. Would love to hear what you think, good or bad.
All the best
Benny |
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| From: mparness | 6/23/2008 10:28:27 AM | | | | | | SATC was the #1 pick in our 1st Small Cap Monster newsletter, and the stock has been EN FUEGO ever since! Called at $1.81 the stock has nearly DOUBLED! Watch SATC for a move to $5 near term on this one, which is where I'd take serious profits. Longer term if it can clear $5 there's no reason given its cheap comparisons to others in the sector, no reason SATC can't be a MOONSHOT for us! Our second issue of Small Cap Monsters is due out July 1st, stay tuned!
Michael "Waxie" Parness |
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| To: Benny-Rubin who wrote (435) | 8/11/2009 12:41:35 AM | | From: lindalib | | | | | Aren't we all? SATC seems to be getting some interest. Earnings coming out on the 13th? (from memory), so perhaps the results will confirm the recent PPS increase. |
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