April 22, 2004 — (WEB HOST INDUSTRY REVIEW) — Web hosting and Internet service provider DSL.net (dsl.net) confirmed on Thursday that it has been notified by Nasdaq of its failure to comply with the requirements of the Nasdaq Smallcap Market’s minimum bid price rule, making it subject to de-listing.
The minimum bid price rule requires all Nasdaq listed companies to close at a minimum bid price of $1.00 for 10 consecutive days in order to continue being listed.
DSL.net said it intends to appeal the decision or before April 27, 2004.
