This excerpt taken from the SIRI 8-K filed Sep 17, 2009.
By Electronic Delivery to: email@example.com
September 15, 2009
Mr. Patrick L. Donnelly
Dear Mr. Donnelly:
As we discussed, our Listing Rules (the Rules) require listed securities to maintain a minimum bid price of $1.00 per share. Based upon the closing bid price for the last 30 consecutive business days, the Company no longer meets this requirement.1 Consequently, a deficiency exists with regard to the Rule. However, the Rules also provide the Company a grace period of 180 calendar days in which to regain compliance. The following table summarizes the critical dates and information as related to this matter.
If at anytime during this grace period the bid price of the Companys security closes at $1.00 per share or more for a