NASDAQ: Franklin Stock Out of Compliance

February 25, 2008, 2:00 p.m. EST 1 Min Read

Franklin Credit Management Corp., Jersey City, N.J., has reported the receipt of a noncompliance notice from the NASDAQ Stock Market regarding the listing of Franklin's common stock. The notice said the stock has failed to maintain a minimum bid price of $1 or more per share for the preceding 30 business days. Compliance would be restored if the stock closes at $1 or more per share for at least 10 consecutive trading days before Aug. 18, Franklin said. If the stock has not returned to compliance by that date, NASDAQ will provide a written notification that Franklin's stock will be delisted. Franklin can be found online at http://www.franklincredit.com.

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