Natures Sunshine to Appeal NASDAQ Delisting DecisionNatures Sunshine to Appeal NASDAQ Delisting Decision
December 17, 2007
PROVO, UtahAt the request of the Division of Enforcement of the Securities and Exchange Commission (SEC), an administrative law judge issued an Initial Decision Nov. 8 to revoke the registration of Natures Sunshine common stock (NASDAQ:NATR), due to failure to file required annual and periodic reports with the SEC, as required by Section 12(j) of the Securities Exchange Act of 1934. The company evaluated the decision and announced it intends to file a petition for review with the SEC. The Initial Decision will not become final before such a review is completed.
In his decision, the judge recognized Natures Sunshine had made extensive efforts toward remedying its reporting violations. The Initial Decision further noted although Natures Sunshine has been working diligently to return to compliance, at this time, it is unable to project a date as to when it will file past-due and current periodic reports. Despite its intended appeal, Natures Sunshine said it cannot predict the outcome of the appeal or what, if any, impact SECs determination may have on its financial statements.
If SEC issues a final order revoking the registration of NATR common stock, broker-dealers would not be permitted to effect transactions in the NATR shares until the company files a new registration with the SEC under the Exchange Act and that registration is made effective. However, the company (www.NaturesSunshine.com) does not believe the initial decision or any final revocation order will otherwise have a material impact on its business operations.
You May Also Like
Collagen peptide ingredient solutions for seniors’ changing needs – infographicSep 19, 2023
Radicle Insights—Covid Eris and dietary supplements: separating fact from fictionSep 21, 2023
More bioavailable hyaluronic acid complex for today’s beauty-from-within consumer – snapshotSep 18, 2023
Herbalife launches fitness campaign as it strives to regain sales momentumSep 20, 2023