Wednesday, December 22, 2010

INX Dodges Delisting

Houston-based INX, a developer of IP networking and communications products, reported today that it has received a favorable listing decision from the NASDAQ, allowing it to continue to list on the NASDAQ Stock Market. The firm has been workign with the SEC due to restatement work on its 10K for December 31, 2008, and 10-Qs for March 31, 2009, June 30, 2009, and September 30, 2009. The firm said the NASDAQ is requiring it to file those restatements with the SEC by April 11, 2011. INX said it would need to restate those results in June.