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Another Greek bulk carrier violates Nasdaq regulations

For the second time in just a few days a Greek dry bulk carrier has been notified that its share price is too low and in breach of Wall Street regulations, which could result in a delisting unless the company gets back on track.

Photo: BYLINE WITHHELD

Another Greek dry bulk carrier, FreeSeas, has been notified by Nasdaq in New York that the carrier does not comply with the listing requirement that applies when a company's share is traded for less than one USD for a period of 30 trading days, says FreeSeas in a statement.

Shortly after New Year, Greek-controlled carrier Euroseas became the first US-listed carrier to receive notice concerning the company's low share price, a factor that could in the worst case scenario result in a delisting.

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