Business News • MarketWire • Seven Arts Will File Form 20-F Within 60 Days |
Seven Arts Will File Form 20-F Within 60 Days |
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Seven Arts Will File Form 20-F Within 60 Days
HOLLYWOOD, CA--(Marketwire - January 26, 2010) - Seven Arts Pictures plc (NASDAQ: SAPX) (the
"Company") announced today that it received a letter from The NASDAQ Stock
Market ("NASDAQ") on January 20, 2009, notifying the Company that it is not
in compliance with the NASDAQ Listing Rule 5250(c)(1) ("Rule 5250(c)(1)")
because it has not yet filed its Yearly Report on Form 20-F ("Yearly
Report") for the fiscal year ended June 30, 2009. The Company must file the
Yearly Report by March 22nd, 2010 or submit to NASDAQ a plan to regain
compliance. Any exceptions granted by the NASDAQ Listing Qualifications
Department to allow the Company to regain compliance with Rule 5250(c)(1)
will be limited to July 14th, 2010. After March 22nd, if the NASDAQ does not
agree to an additional exception relative to the Yearly Report and/or if
the Company does not regain compliance with Rule 5250(c)(1) by July 14th,
2010, NASDAQ will provide wr
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