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Re: “Zhone Tech in Trouble

Well that is not totally accurate! Zhone has received a notice of noncompliance with its minimum bid price of $1.00. Which of course is a requirement to maintain its NASDAQ listing. To solve this problem Zhone is recommending that its shareholders approve a reverse stock split which will increse its share value at the expense of having fewer shares. In trouble, yes! Delisted, not yet!

Posted by Fred Garvin on 08/30/2008 at 7:02 AM

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