DayStar Technologies, Inc. Receives Additional NASDAQ Staff Determination Letter Relating to Minimum Bid Price
SANTA CLARA, Calif., March 19 /PRNewswire-FirstCall/ – DayStar Technologies, Inc. (Nasdaq: DSTI), a developer of solar photovoltaic products based on CIGS thin-film deposition technology announced today that on March 16, 2010 it received an additional Nasdaq Staff Determination Letter from The Nasdaq Stock Market. The Nasdaq Letter states the Company’s common stock is subject to delisting because the price of the Company’s common stock did not comply with Listing Rule 5550(a)(2) within the initial 180 days provided under Listing Rule 5810(c)(3)(A).
As previously announced on March 11, 2010, the Company presented its compliance plan to the Nasdaq Hearings Panel, which included information regarding the rescheduled annual meeting and a proposed reverse stock split. The Company’s securities will remain listed on Nasdaq until the Hearings Panel makes a final determination. While the Company is confident that its compliance plan will meet the requirements for continued listing on Nasdaq, there can be no assurance that the Panel will grant the Company’s request for continued listing.
2009 Los Angeles Auto Show
If the North American auto show season has an official kickoff party, the Los Angeles Auto Show is it. In addition to world debuts of the 2011 Cadillac CTS Coupe, 2011 Toyota Sienna and VW Up! Lite Concept, the 2009 LA Auto Show again played host to the Green Car of the Year announcement, which went to a diesel car for the second year in a row. The LA Auto Show is also a first chance to see and touch the cars unveiled around the world in the eight months since the New York Auto Show, which this year included jaw-droppers like the 2011 Lexus LFA and 2011 Mercedes-Benz SLS AMG.
