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Dover Motorsports, Inc. Receives Notice from NYSE
The Company is currently considered below criteria for the continued listing standards because, as of February 13, 2009, its 30 trading-day average market capitalization was $61.9 million, which was less than the $75 million required, and its most recently reported stockholders’ equity was $67.4 million, also less than the $75 million required.
Under NYSE rules, the Company has until April 3, 2009 to submit a plan to the NYSE to demonstrate its ability to achieve compliance with the continued listing standards within 18 months. The Company intends to submit such a plan. During this time the Company’s common stock will continue to be listed on the NYSE, subject to the Company’s compliance with other NYSE continued listing requirements.
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