The company is being reviewed under the TSXs Remedial Review Process and has been granted 120 days to comply with all the TSX requirements for continued listing. If the company is unable to demonstrate on or before August 13, 2012 that it meets all TSX requirements for continued listing, the securities will be delisted 30 days from such date.
The TSX initiated its delisting review pursuant to the continued listing criteria and as a result of the companys financial condition. Day4 is pursuing financing and strategic alternatives to resolve its current financial situation.