TRX won’t try to regain compliance with the NASDAQ Capital Market’s $2.5 million stockholder equity requirement, so it will voluntarily delist.
The NASDAQ Capital Market is for less-capitalized companies than those stocks which are listed on the NASDAQ National Market.
TRX had received a notice from the NASDAQ Capital Market that the company was no longer in compliance and had until the end of March to try to resolve the situation.
Read the full story at: http://www.tnooz.com/2010/03/15/news/with-expedia-pulling-back-trx-delists-from-small-cap-market/
