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Ultimate Electronics in Jeopardy of Nasdaq Delisting

28 Jan, 2005 By: Erik Gruenwedel


Bankrupt Ultimate Electronics, which earlier this month named principal shareholder and Hollywood founder and CEO Mark Wattles chairman of the board, was notified by the Nasdaq stock market that its share price was “in material noncompliance.”

Such warnings typically precede a company's stock that appears to be falling below the mandatory $1 per share threshold.

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