Posted on: Friday, November 21, 2003

BUSINESS BRIEFS
Market deadline apparently met

Advertiser Staff

Shares of Kona-based Cyanotech Corp. yesterday appeared to have met a Nasdaq Stock Market deadline by closing at a bid price of $1 or more for 10 consecutive trading days.

That would mean stock in the maker of nutritional supplements would no longer face the near-term prospect of being delisted to the OTC Bulletin Board. However, company spokeswoman Laura Guerrant said Cyanotech would not comment on the development until getting official notice from Nasdaq that its stock was fully compliant with the exchange's regulations. That probably would not happen until Monday, she said.

Cyanotech shares closed down 3 cents at $1.03 a share on the Nasdaq SmallCap Market yesterday.