delisting loert om de hoek???
WINSTON-SALEM, N.C., Nov 16, 2009 /PRNewswire-FirstCall via COMTEX/ -- Triad
Guaranty Inc. (the "Company") (Nasdaq: TGIC) today announced that on ! November
11, 2009, it received a notice from The NASDAQ Stock Market ("NASDAQ") stating
that the Company was no longer in compliance with NASDAQ Listing Rule
5450(b)(3)(C), which requires the Company to maintain a minimum market value of
$15 million of its total outstanding shares of common stock (excluding shares
held directly or indirectly by officers, directors or any beneficial owner of
more than 10% of the Company's total outstanding shares) (the "Minimum Market
Value"). NASDAQ will provide the Company with a period of 90 calendar days, or
until February 9, 2010, to regain compliance with Listing Rule 5450(b)(3)(C).
The Minimum Market Value must be equal to or greater than $15 million for 10
consecutive business days in order for the Company to regain compliance with
Listing Rule 5450(b)(3)(C).
If the Company does not regain compliance with Listing Rule 5450(b)(3)(C) by
February 9, 2010, NASDAQ will provide written notificatio! n to the Company that
the Company's common stock is subject to deli sting. At that time, the Company
may appeal NASDAQ's delisting determination to a Hearings Panel. Alternatively,
the Company could consider applying for a transfer to The Nasdaq Capital Market
prior to February 9, 2010 if the Company satisfies the requirements for
continued listing on that market. Currently, however, the Company does not
satisfy the requirements for continued listing on The Nasdaq Capital Market. The
Company intends to actively monitor the Minimum Market Value for its common
stock and will consider available options to resolve the deficiency and attempt
to regain compliance with Listing Rule 5450(b)(3)(C), or pursue other
alternatives.