{"id":39310,"date":"2017-05-30T06:32:38","date_gmt":"2017-05-30T10:32:38","guid":{"rendered":"https:\/\/cablemanpro.com\/wallstreetpr\/?p=39310"},"modified":"2017-05-30T05:33:14","modified_gmt":"2017-05-30T09:33:14","slug":"company-ceo-remains-confident-despite-biostage-inc-nasdaqbstg-facing-the-delisting-threat","status":"publish","type":"post","link":"https:\/\/cablemanpro.com\/wallstreetpr\/company-ceo-remains-confident-despite-biostage-inc-nasdaqbstg-facing-the-delisting-threat-39310","title":{"rendered":"Company CEO Remains Confident Despite Biostage Inc (NASDAQ:BSTG) Facing The Delisting Threat"},"content":{"rendered":"<p style=\"text-align: justify;\"><strong>Biostage Inc <\/strong><strong>(NASDAQ:BSTG), <\/strong>which as a matter of fact happens to be a Holliston-based biotech majorly focusing on the development of a wide range of organ implants targeting the treatment of cancers in the respiratory tract has moved ahead to make public the fact that it on Monday faces the possibility of being delisted from the Nasdaq.<\/p>\n<p style=\"text-align: justify;\">However, a former top official at Genzyme who happens to be the sitting CEO has exuded much confidence in stating that the provider might as well avoid this fate. His utterance has been met with mixed reactions among the various concerned parties with many disputing and ruling-off the possibility. However, this is something that we will just have to wait and see.<\/p>\n<p style=\"text-align: justify;\">As a matter of fact, Biostage Inc is not the first company to face such a threat. Quite a number has been through the same in the past and they pulled strings here and there to get from the mess. It is not yet time to rule off the fact that Biostage Inc may actually pull through this!<\/p>\n<p style=\"text-align: justify;\">It was on Monday that the provider reportedly received a letter from the from the exchange\u00a0.It stated that the company had not played up to the two requirements for listing:\u00a0$2.5 million in stockholders&#8217; equity and $1 share price.<\/p>\n<p style=\"text-align: justify;\">Some close sources reveal that the provider will request a hearing with a Nasdaq panel\u00a0in a bid to look into the matter more closely. The request may turn out to be just what is needed to buy the Biostage Inc time to obtain an extension till mid-November\u00a0 and hopefully by then, it will have done all within its means to meet up to the well cut out requirements.<\/p>\n<p style=\"text-align: justify;\">Most of the concerned parties have been posing a lot of questions on what exactly becomes of the shares. Some of the top related sources reveal that shares will continue to trade on the exchange and that is of course very encouraging, especially to the top investors.<\/p>\n<p style=\"text-align: justify;\">The announcement made on Tuesday impacted the company negatively following the major decline in its stock price. Whatever the company does to counter that is something we just have to wait and see.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Biostage Inc (NASDAQ:BSTG), which as a matter of fact happens to be a Holliston-based biotech majorly focusing on the development of a wide range of [&hellip;]<\/p>\n","protected":false},"author":32,"featured_media":39317,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"rop_custom_images_group":[],"rop_custom_messages_group":[],"rop_publish_now":"initial","rop_publish_now_accounts":{"twitter_2902945987_2902945987":""},"rop_publish_now_history":[],"rop_publish_now_status":"pending","footnotes":""},"categories":[264],"tags":[12669,12668,12670],"stock_ticker":[],"class_list":["post-39310","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-health","tag-biostage-inc","tag-biostage-inc-nasdaqbstg","tag-nasdaqbstg","entry"],"acf":[],"yoast_head":"<!-- This site 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