No puede cumplir con la SEC
Formulario 8-K TRI VALLEY CORP
02 de mayo de 2012 aviso de exclusión o incumplimiento de una regla de listado continuo o estándar; T Aviso de artículo 3.01 de exclusión o incumplimiento de una regla de listado continuo o estándar; Transferencia de anuncio. Las acciones comunes de Tri-Valley Corporation (la "empresa") aparece para la negociación en el NYSE Amex, LLC ("NYSE Amex"), una bolsa de valores nacional. Lista continuada de acciones comunes de la compañía en el NYSE Amex obliga a la empresa satisfacer requerimientos de listado continuo enunciados en empresa Guía del NYSE Amex (la "Guía de compañía"). Estos requisitos incluyen tanto normas cuantitativas (tales como las relacionadas con el precio de venta de seguridad incluidas en la lista y un nivel mínimo de patrimonio neto) y cualitativa (tales como las relativas a la condición financiera de la empresa figuran generalmente). El 26 de abril de 2012, la compañía recibió una carta del NYSE Amex indicando que la empresa no está en conformidad con determinadas anuncio constante re...
Form 8-K for TRI VALLEY CORP
--------------------------------------------------------------------------------
2-May-2012
Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; T
Item 3.01 Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing.
The common stock of Tri-Valley Corporation (the "Company") is listed for trading on the NYSE Amex, LLC ("NYSE Amex"), a national securities exchange. Continued listing of the Company's common stock on the NYSE Amex requires the Company to meet continued listing requirements set forth in the NYSE Amex's Company Guide (the "Company Guide"). These requirements include both quantitative standards (such as those relating to the selling price of the listed security and a minimum level of stockholders' equity) and qualitative standards (such as those relating to a listed company's financial condition generally).
On April 26, 2012, the Company received a letter from NYSE Amex indicating that the Company is not in compliance with certain continued listing requirements set forth in the Company Guide, as follows:
� Section 1003(a)(iii) of the Company Guide requires a company to maintain a minimum of $6.0 million in stockholders' equity, if the company has sustained losses from continuing operations and/or net losses in its five most recent fiscal years. As of December 31, 2011, the Company's stockholders' equity was approximately $4.4 million, and the Company has sustained losses from continuing operations and/or net losses in its five most recent fiscal years.
� Section 1003(a)(iv) of the Company Guide insofar as the Company has sustained losses which are so substantial in relation to its overall operations or its existing financial resources, or its financial condition has become so impaired that it appears questionable, in the opinion of NYSE Amex, as to whether the Company will be able to continue operations and/or meet its obligations as they mature.
� Section 1003(f)(v) insofar as the Company's average daily closing price over the last six months ended March 31, 2012, was $0.17.
In order to maintain the Company's listing on NYSE Amex, the Company is required to submit a plan to NYSE Amex no later than May 29, 2012, addressing how it intends to regain compliance with Section 1003(a)(iv) by July 26, 2012, and Sections 1003(a)(iii) and 1003(f)(v) by October 26, 2012. The Company currently intends to submit a plan by the May 29, 2012 deadline. However, if the Company is unable to submit a plan or if the plan is not accepted by NYSE Amex, the Company will be subject to delisting proceedings.
On May 2, 2012, the Company issued a press release to announce receipt of the NYSE Amex non-compliance letter. A copy of the press release is attached to this report as Exhibit 99.1 and incorporated herein by this reference.
