Quepasa.com to be Delisted From Nasdaq

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In yet another sign of the recent dot-com tumult, Quepasa.com, an online community Web site geared toward Hispanics, said yesterday that it received a delisting notice from the Nasdaq.


The delisting notice means the company was unable to maintain a minimum bid price of $1 during the previous 30 consecutive trading days.


Quepasa, which launched in 1998, faces a delisting as early as Feb. 6 if the bid on the price of its common stock does not trade above $1 for a minimum of 10 consecutive trading days.


The company, which was unavailable for comment, does not plan to appeal the decision, according to a statement. Instead, it intends to apply for listing on the Over-the-Counter Bulletin Board market.


Quepasa, Phoenix, cut two-thirds of its staff last month, slashing its staff to 20 from 58.
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