Bluefly shares too low to meet NASDAQ requirements (Online retail)

Online retail news: Bluefly has revealed that it had received "a notice on August 13, 2007 from The Nasdaq Stock Market indicating that the Company is not in compliance with the continued listing requirements of The Nasdaq Capital Market because, for the previous 30 consecutive business days, the bid price of its Common Stock had closed below the $1.00 minimum per share requirement for continued listing as set forth in Marketplace Rule 4310(c)(4)." (Source: StreetInsider.com)

Note that this is standard procedure for any stock in Bluefly's case. It has no immediate effect on the stock listing, but the company has "180 calendar days, or until February 11, 2008, to regain compliance with the minimum bid price rule". I have done some research and seen that stock traded around $15 in 1999, during the internet bubble. It has been trading around $1 since early 2006, so the situation is not that new. The company's financial problems were touched upon in a previous Fashion Fox article.

I wish good luck to Bluefly, a true online fashon retailing pioneer.