http://investorvillage.com/smbd.asp?mb=11131& mn=2352&pt=msg&mid=5240103

The following criteria for initial listing are listed by Nasdaq. Sine SNEN completed reverse stock split on July 9, the SP of SINE has jumped about 30%, it’s an amazing omen, i personally expect that SINE will fit Nasdaq’s requirement and listed on within the following two weeks.


Can a seasoned issuer effect a reverse stock split to meet the minimum bid price requirement for initial listing?
A seasoned issuer may complete a reverse stock split to comply with NASDAQ's minimum bid price requirement for initial listing. Generally, when this happens, NASDAQ will require that the issuer continue to meet the bid price requirement for a minimum of five consecutive trading days after the split takes place. This means that on each of the five days the issuer must at some point during normal trading hours have a bid price which is at or above the applicable initial listing criteria.
Please note that NASDAQ may, in its discretion, also require an issuer to maintain the required minimum bid price for a period in excess of five consecutive business days, but generally no more than ten consecutive business days, before determining that the issuer has demonstrated compliance. In determining whether to require a longer waiting period, NASDAQ will consider the following four factors:

margin of compliance (the amount by which the price is above the minimum standard);

trading volume (a lack of trading volume may indicate a lack of bona fide market interest in the security at the posted bid price);

where applicable, the market maker montage (the number of market makers quoting at or above the minimum required bid and the size of their quotes); and,

the trend of the stock price (is it up or down?).

What is this?

Sinoenergy Corporation Approved to List on The Nasdaq Capital Market
Wednesday July 23, 5:00 am ET


BEIJING, July 23 /Xinhua-PRNewswire-FirstCall/ -- Sinoenergy Corporation (OTC Bulletin Board: SINE - News; "Sinoenergy" or the "Company", a manufacturer of compressed natural gas (CNG) vehicle and gas station equipment and a designer, developer and operator of retail CNG filling stations in the People's Republic of China, today announced that its application to list its common stock on The Nasdaq Capital Market was approved on July 22, 2008.


Sinoenergy has decided to start trading its common stock on The Nasdaq Capital Market under the symbol SNEN as of July 28, 2008, which is subject to final confirmation from Nasdaq soon.

"We are extremely pleased to receive approval to list our common stock on The Nasdaq Capital Market," said Mr. Bo Huang, CEO of Sinoenergy. "Having our common stock listed on the Nasdaq is an important part of our goal of raising our profile as we help develop the importance of CNG as an alternative source of energy in China. We believe that listing on the Nasdaq will increase our presence in the investment community, and that Sinoenergy has passed another milestone in its ongoing commitment to enhancing shareholder value."

About Sinoenergy

Sinoenergy is a manufacturer of compressed natural gas (CNG) vehicle and gas station equipment as well as a developer and operator of retail CNG stations in China. In addition to its CNG related products, the Company manufactures a wide variety of pressure containers for use in different industries, including the design and manufacture of various types of pressure containers in the petroleum and chemical industries, the metallurgy and electricity generation industries and the food and brewery industries.

Safe Harbor Statement

This announcement contains forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. All statements other than statements of historical fact in this announcement are forward-looking statements, including but not limited to, future changes in the wholesale and retail price for CNG for vehicles in China; changes in policy by the national, provincial and municipal government of the PRC regarding CNG prices, the CNG vehicle industry, the construction and operation of retail CNG filling stations and related issues; the Company's ability to raise additional capital to finance the Company's activities; the effectiveness, profitability, and the marketability of its products; the future trading of the common stock of the Company; the ability of the Company to operate as a public company; the period of time for which its current liquidity will enable the Company to fund its operations; the Company's ability to protect its proprietary information; general economic and business conditions; the volatility of the Company's operating results and financial condition; the Company's ability to attract or retain qualified senior management personnel and research and development staff; and other risks detailed in the Company's filings with the Securities and Exchange Commission. These forward-looking statements involve known and unknown risks and uncertainties and are based on current expectations, assumptions, estimates and projections about the companies and the industry. The Company undertakes no obligation to update forward-looking statements to reflect subsequent occurring events or circumstances, or to changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward looking statements are reasonable, they cannot assure you that their expectations will turn out to be correct, and investors are cautioned that actual results may differ materially from the anticipated results.