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.


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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