NASDAQ requests more information on application

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Thursday, Feb. 3, 2005 | 11:17 a.m.

Vestin Group Inc., a Las Vegas-based lender, said on Wednesday that it was notified that the National Association of Securities Dealers Compliance Unit has requested more information regarding an application to trade shares on the OTC Bulletin Board.

With the delay, the company said in a statement that it "can give no assurance as to if and when the application to the OTC Bulletin Board will be approved."

Vestin had previously said its common stock would be delisted from the NASDAQ's SmallCap Market prior to the opening of the market this morning because it no longer meets the minimum number of publicly traded shares to qualify for inclusion.

Shares, however, remained active on the SmallCap market in early trading this morning.