Home / Knowledge / News / Fashion / Blue Holdings receives additional Nasdaq Staff Determination Letter

Blue Holdings receives additional Nasdaq Staff Determination Letter

May '08
Blue Holdings Inc a designer, manufacturer and distributor of high-end fashion jeans, announced that the Company received notification on May 21, 2008 of a Nasdaq staff determination that its common stock is subject to delisting from The Nasdaq Capital Market for failure to comply with Marketplace Rule 4310(c)(14), requiring the Company to file its Form 10-Q for the period ended March 31, 2008 by the filing deadline.

Accordingly, this matter serves as an additional basis for delisting the Company's securities from The Nasdaq Stock Market.

As previously announced, the Company received a Nasdaq Staff Determination Letter on May 14, 2008 indicating that the Company failed to comply with the minimum bid price and stockholders' equity requirements for continued listing set forth in Marketplace Rules 4310(c)(4) and 4310(c)(3)(A), respectively.

The Audit Committee of the Company's Board of Directors, comprised of independent directors, continues to review the previously announced potential accounting errors in the Company's financial statements for the year ended December 31, 2007 and certain of the quarters therein and is working with management to conclude the review as quickly as possible.

The impact of any potential restatement remains unknown at this time, and the Company will delay the filing of its 10-Q for the quarter ended March 31, 2008 until such time as the potential restatement matters are resolved.

The Company has requested a hearing before the Nasdaq Listing Qualifications Panel to appeal the staff determination. Pending completion of the appeal process, the stock will continue to be listed on The Nasdaq Capital Market.

The Company expects to file its delinquent 10-Q prior to the hearing. There can be no assurance that the Panel will grant the Company's request for continued listing.

Blue Holdings Inc

Must ReadView All

Pic: Dong Nhat Huy / Shutterstock.com

Textiles | On 17th Jan 2022

Vietnamese parliament approves economic stimulus package for recovery

The first extraordinary session of Vietnam’s 15th National Assembly...

Pic: Dreamstime.com

Textiles | On 17th Jan 2022

Industrial production up by 2.3% in euro area, 2.5% in EU: Eurostat

In November 2021, the seasonally adjusted industrial production rose...

Pic: Shutterstock

Textiles | On 17th Jan 2022

Inflation in China tame in 2021 amid stable economy

China's inflation largely remained tame throughout 2021—barring a...

Interviews View All

Water stewardship, Stakeholders

Water stewardship

Water use efficiency remains relatively unexplored

Textile Industry, Head honchos

Textile Industry
Head honchos

Switch was not 100% pandemic related

Textile Industry, Head honchos

Textile Industry
Head honchos

Biggest learning was adaptability

Barry Goodwin,

Barry Goodwin

UK based Amba Projex Ltd designs, manufactures, and installs industrial...

Erwin Devloo,

Erwin Devloo

The Picanol Group is a diversified industrial group active worldwide in...

Dr. Catherine Tubb,

Dr. Catherine Tubb

Created in 2018 to investigate the risk of market failure related to...

Pranesh Sridharan & Berndt Koll, Lenzing

Pranesh Sridharan & Berndt Koll

The Lenzing Group produces Lenzing Lyocell and Modal cellulosic fibres of...

Daniel Roxbury, University of Rhode Island

Daniel Roxbury
University of Rhode Island

Assistant professor Daniel Roxbury and former URI graduate student...

Brad Holschuh, Wearable Technology Lab, University of Minnesota

Brad Holschuh
Wearable Technology Lab, University of Minnesota

A new study led by researchers at the University of Minnesota's Design of...

Manish Malhotra, Label Manish Malhotra

Manish Malhotra
Label Manish Malhotra

A multitalented designer and founder of an eponymous label, Manish...

Megha Kumari & Jigar Mali, Label Megha & Jigar

Megha Kumari & Jigar Mali
Label Megha & Jigar

New Delhi based label Megha & Jigar blends India's unique handcrafts...

Samant Chauhan, Label Samant Chauhan

Samant Chauhan
Label Samant Chauhan

Delhi based fashion designer, <b>Samant Chauhan</b> who mostly works on...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies


Leave your Comments


Varner AS Retail
Alison Hayes Romania
NITI Aayog
Etam Group Strategy Hong Kong Limited
Bluestem Global Sourcing Limited
Hirdaramani International Export Private Limited
IKEA of Sweden AB
LC Waikiki
Recron Polyester from Reliance Industries Limited
OVS Hong Kong Sourcing Ltd.
John Varvatos
Gokaldas Exports Limited
Chori Company Limited
Sateri (Jiujiang) Fiber Co.,Ltd

January 2022

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

Advanced Search