Computerized Thermal Imaging has announced that the planned listing of its stock on the Nasdaq stock market remains on hold pending further review by the staff of the exchange.
Layton, UT-based CTI had initially been approved for trading on Nasdaq on June 26, but was then placed on hold a few days later pending an investigation into a 10-year-old legal proceeding regarding one of the firm’s directors. CTI believes it has addressed all of Nasdaq’s concerns, and that it now meets all applicable listing standards with the exception of the minimum bid price, according to president David Packer.
By AuntMinnie.com staff writers
November 17, 2000
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