ATLANTA, Jan. 7 /PRNewswire-FirstCall/ -- Innotrac Corporation (Nasdaq: INOC) announced today that on January 4, 2010, it received a letter from The NASDAQ Stock Market providing notice that it had not maintained the continued listing standard for the minimum market value of publicly held shares ("MVPHS") of $5 million. MVPHS is the market value of the Company's publicly held shares, which is calculated by subtracting all shares held by officers, directors or beneficial owners of 10% or more of the total shares outstanding. Approximately 2.4 million, or nineteen percent (19%) of Innotrac's total 12.6 million outstanding shares are included in the MVPHS calculation for the Company.
Source : http://www.prnewswire.com/news-releases/innotrac-n...
Source : http://www.prnewswire.com/news-releases/innotrac-n...