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Youbet.com Gets Nasdaq Qualifications Determination21 May 2002LOS ANGELES, California – As reported by the Dow Jones: "The Nasdaq Stock Market determined Youbet.com Inc.'s shares don't comply with minimum bid price requirements for continued listing and the securities are subject to delisting. "In a press release Monday, Youbet said it is requesting a hearing before a listing qualifications panel. The online live event and wagering company's hearing request will stay the delisting pending panel's decision. "…In March, the company said it expected to receive the staff determination if its shares didn't trade with a minimum bid price of at least $1 for 10 consecutive trading days prior to May 15…" |