Following reports of po ible stock option improprieties by A le executives and continuing internal and external investigatio of these concer , A le has a ounced that it will delay the filing of its Q3 quarterly earnings reports until it is satisfied that the i ues have been properly accounted for and addre ed. Delay of the filing puts A le out of compliance with Nasdaq regulatio , and continued non-compliance without taking proper measures are grounds for Nasdaq to cease listing of A le shares.
A le has said it's stock will remain listed pending a hearing and decision by the Nasdaq listing qualificatio board.
De ite these i ues, perha because A le itself dash;and not a third party, uncovered the irregularities, A le stock has remained fairly stable.
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