TONE - TierOne Corp. (NASDAQ Stock)

[Klipper22]

Shares Outstanding: 18.03M
Float: 12.93M
% Held by Insiders: 33.03%

Tier One is a Nasdaq stock about to be delisted. I am watching and waiting for the bounce. It is coming soon I believe. Here's the press on the delisting:

LINCOLN, Neb.--(BUSINESS WIRE)--TierOne Corporation (NASDAQ: TONE - News) (“Company”), the holding company for TierOne Bank (“Bank”), today reported that the Company received an expected letter from The NASDAQ Stock Market (“NASDAQ”) advising that, because the Company did not file its Form 10-Q for the fiscal quarter ended September 30, 2009 by the due date, it is not in compliance with the filing requirement under NASDAQ Marketplace Rule 5250(c)(1).

The Company currently anticipates making all necessary filings to become current in its reporting obligations as soon as practicable. Pursuant to NASDAQ rules, the Company has until January 11, 2010 to submit a plan to the NASDAQ staff to regain compliance with NASDAQ’s filing requirement. The Company will endeavor to become current in its reporting obligations prior to such date, and intends to submit a compliance plan to NASDAQ if it is unable to do so. Following any such submission, NASDAQ may provide the Company with up to 180 days from that initial delinquent filing, or until May 10, 2010, to regain compliance.

TierOne Corporation is the parent company of TierOne Bank, a $3.1 billion federally chartered savings bank and the largest publicly-traded financial institution headquartered in Nebraska. Founded in 1907, TierOne Bank offers customers a wide variety of full-service consumer, commercial and agricultural banking products and services through a network of 69 banking offices located in Nebraska, Iowa and Kansas.

and here is the chart:

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