On June 16th, 2016 MagneGas Corporation received notice from the Listing Qualifications Department of The Nasdaq Stock Market that it was out of compliance with its minimum bid price listing requirement. The Company has 180 days to remedy the situation with the potential for another 180 days following that time period to regain compliance. MagneGas has faced this issue in the past, and was able to successfully regain compliance within the required period.
For more information, please see the following link: http://ir.stockpr.com/magnegas/all-sec-filings#document-25918-0001144204-16-109268
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This post was written by MagneGas Corp