Smart Move, Inc. - Current report filing (8-K)
25 Juni 2008 - 6:40PM
Edgar (US Regulatory)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): June 20, 2008
SMART MOVE, INC.
(Exact name of registrant as specified in its charter)
|
|
|
|
|
Delaware
|
|
001-32951
|
|
54-2189769
|
(State or other Jurisdiction of Incorporation)
|
|
(Commission File Number)
|
|
(IRS Employer Identification No.)
|
|
|
|
5990 Greenwood Plaza Blvd. #390
Greenwood Village, CO
|
|
80111
|
(Address of Principal Executive Offices)
|
|
(Zip Code)
|
Registrants telephone number, including area code:
(720) 488-0204
|
Not Applicable
|
(Former name or former address if changed since last report.)
|
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:
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))
1
Item 3.01 Notice of Failure To Satisfy a Continued Listing Rule or Standard
On June 20, 2008, Smart Move, Inc. (Smart Move) received a Notice from the American Stock Exchange (AMEX)
that it has failed to satisfy a continued listing rule. Specifically, the notice from AMEX states that Smart Move is
not in compliance with Section 1003(a)(iv) of the AMEX Company Guide in that it has sustained losses which are so
substantial in relation to its overall operations or its existing financial resources, or its financial condition has
become so impaired that it appears questionable, in the opinion of the Exchange, as to whether the company will be able
to continue operations and/or meet its obligations as they mature. The notice is based on a review by AMEX of Smart
Moves Form 10-Q for the quarter ended March 31, 2008, which included a reference to the audit opinion Smart Move
received containing a going concern qualification with respect to the Companys audited financial statements for the
year ended December 31, 2007.
The AMEX notice requires that by July 21, 2008, Smart Move must submit a plan advising the Exchange of action it has
taken, or will take, that would bring the company into compliance with the listing standards by December 22, 2008. The
plan is required to include specific milestones, quarterly financial projections, and details related to any strategic
initiatives that Smart Move plans to complete. The Listings Qualifications Department will evaluate the plan and make a
determination as to whether the company has made a reasonable demonstration of an ability to regain compliance with the
continued listing standards within specified timeframes, in which case the plan will be accepted. If the plan is
accepted, the company may be able to continue listing during the plan period, during which time it will be subject to
periodic review to determine whether it is making progress consistent
with the plan. Smart Move is in the process of
preparing the plan and will timely submit it to AMEX by July 21, 2008. If Smart Move does not submit a plan, or if
the plan is not accepted, it will be subject to delisting procedures.
This Form 8-K contains forward-looking statements regarding preparation of a plan for submission to AMEX on or before
July 21, 2008. There can be no assurance that the AMEX will accept the plan to be submitted by Smart Move, that Smart
Move will make progress consistent with the plan, or that Smart Move will be able to continue its listing on AMEX.
Item 8.01.
Other Events.
On June 25, 2008, Smart Move issued a press release concerning the AMEX notice described in Item 3.01 above. A copy of
the press release is attached as Exhibit 99.1 hereto.
Item 9.01.
Financial Statements and Exhibits.
(c)
Exhibits
|
|
|
99.1
|
|
Press release issued by Smart Move, Inc. dated June 25, 2008.
|
SIGNATURE
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 hereunto duly authorized.
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Smart Move, Inc.
|
|
|
|
|
|
June 25, 2008
|
|
By:
|
|
/s/ Edward Johnson
|
|
|
|
|
|
|
|
|
|
Name: Edward Johnson
|
|
|
|
|
Title: Chief Financial Officer
|
Exhibit Index
|
|
|
Exhibit 99.1
|
|
Smart Move, Inc. Press Release, dated June 25, 2008
|
2
Smart Move, (AMEX:MVE)
Historical Stock Chart
Von Dez 2024 bis Jan 2025
Smart Move, (AMEX:MVE)
Historical Stock Chart
Von Jan 2024 bis Jan 2025
Echtzeit-Nachrichten über Smart Move, (Amerikanische Börse): 0 Nachrichtenartikel
Weitere Smart Move, Inc. News-Artikel