Two more publicly traded pure-plays are proving that what comes up must come down. Both Houston-based online jewelry and gifts marketer Ashford.com and Menlo Park, CA-based online computer marketer Egghead.com plan to appeal their July 10 notices from the Nasdaq National Market stating that their common stock will be delisted because they no longer complies with the $1 minimum bid price requirement.
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Two more publicly traded pure-plays are proving that what comes up must come down.
Both Houston-based online jewelry and gifts marketer Ashford.com and Menlo Park, CA-based online computer marketer Egghead.com plan to appeal their July 10 notices from the Nasdaq National Market stating that their common stock will be delisted because they no longer complies with the $1 minimum bid price requirement.
Under Nasdaq rules, appealed delistings will be stayed pending the outcome of the hearing, and the companies’ common stock will continue to trade on the Nasdaq.
