UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
FORM 8-K
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): January 6, 2005
Entrx Corporation
Delaware (State or other jurisdiction of incorporation or organization) |
95-2368719 (I.R.S. Employer ID No.) |
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800 Nicollet Mall, Suite 2690 Minneapolis, Minnesota (Address of Principal Executive Office) |
55402 (Zip Code) |
Registrants telephone number, including area code: (612) 333-0614
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2 below):
o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Section 3 Securities and Trading Markets | ||||||||
Item 3.01 Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing. |
Section 3 Securities and Trading Markets
Item 3.01 Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing.
In a Form 8K filed by us on December 20, 2004, we reported that we received a notice from the NASDAQ Stock Market that Entrx Corporations common stock was no longer eligible to be listed on the NASDAQ Small Cap Market because the bid price of its common stock fell below $1.00 per share for 30 consecutive days prior to June 14, 2004, and did not exceed that price for 180 days thereafter. The Company appealed that determination, but such appeal has not yet been heard. On January 6, 2005, the NASDAQ stated that it was adding as reasons for such delisting a concern about the ability of a principal shareholder of Entrx Corporation to influence the operations and activities of Entrx Corporation. The shareholder in question had entered into an agreement with the NASD in 2001, resulting from his refusal to cooperate with the NASD in connection with an NASD investigation. Under this agreement the shareholder was barred from any future association with an NASD member. NASDAQ also alleges that we failed to provide it with information relating to that shareholders bar. The information requested was not available to us. In adding these additional reasons, NASDAQ cited NASDAQ Marketplace Rules 4300 and 4330(a)(3), which gives it discretionary authority to deny continued listing of a security in order to maintain the quality of, and the publics confidence in, the NASDAQ Stock Market.
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
ENTRX CORPORATION | ||||||
Date: January 12, 2005
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/s/ Brian D. Niebur | |||||
Brian D. Niebur Chief Financial Officer |