SBS has once again received a Nasdaq warning that it’s in danger of delisting. The company’s stock has closed below the minimum $1 for 30 consecutive business days.
According to Radio Ink, SBS has until April 11, 2011, to bring the price back to Nasdaq requirements. SBS got a delisting notice in April of this year, prompting Raul Alarcón, Jr., the company’s Chairman and CEO, to approve a reverse stock split. The stock moved back up over $1, and SBS didn’t go forward with the approved measure. The company also faced delisting in Aug. of 2008.
SBS has been undergoing a series of management changes this year.