In a move that can often times be perceived as a negative sign, Natural Health Trends Corp. (NASDAQ: BHIP) announced that it will transfer its common stock listing from the Nasdaq Global Market to the Nasdaq Capital Market effective at the opening of trading on Thursday, April 17, 2008.
The news comes after the company reported in its latest 10-K for for the year ended December 31, 2007, the Company no longer satisfies the $10 million stockholders’ equity requirement set forth in Marketplace Rule 4450(a)(3). The Company has reported that it had stockholders’ equity of $9,562,000 on December 31, 2007.
On April 3, 2008, the Company received a letter from the Nasdaq Stock Market giving notice of its failure to meet the minimum stockholders’ equity requirement for continued listing on the Nasdaq Global Market. After evaluating this letter, the Company has decided to apply for a transfer to the Nasdaq Capital Market. The Company believes it meets the continued listing requirements for the Nasdaq Capital Market. Listing on the Nasdaq Capital Market will result in a minor cost savings for the Company. The Company does not believe that stockholders’ liquidity will be adversely impacted by a transfer to the Nasdaq Capital Market.
The Nasdaq Stock Market has approved this transfer, putting the company in compliance with Nasdaq’s continuing listing requirements. Natural Health Trend’s trading symbol will continue to be “BHIP” following the transfer.
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[...] Network Marketing travel company, YTB International, Inc. announced that its Class A common stock has been approved for quotation of the Over-the-Counter Bulletin Board. The company’s stock will continue to be listed under the symbol, “YTBLA” and will move to the OTCBB within the next 30 days. This is a very positive step for the company graduating from the Pink Sheets to the Bulletin Board Market and will provide the company with greater exposure to market-makers and potentially more investors. It also comes at a time when another Network Marketing company, NHT is going in the opposite direction. [...]
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