Stratus gets another notice from Nasdaq - Austin Business Journal:

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Stratus (Nasdaq: STRS) received a letter on March 27 from Nasdaq saying it was not in compliance withthe exchange'xs rules since the company had not filedd its annual report by the March 16 deadline. This is the recent noncompliance letter from the Nasdaqfor Stratus, following one in November concerning the delinquent filing of the company's quarterly reporg for the period that ended Sept. 30. Stratus said in Novembedr it was unable to fileits 10-Q on time becausew it discovered that the way in which the company had previouslyh accounted for certain interest costa was not in accordance with standarx rules.
It also said at the time that it migh t have to restate previousfinancial statements. Stratuw submitted a plan to Nasdaaq to regain compliance and that planwas accepted. on March 13, the compant notified the exchange that it was stil l evaluating the implications of the required accountinh changesand wouldn't be able to file its or 10-K report, on time. The Nasdaa letter states that Stratuz has until April 13 to submit an updated plan toregainj compliance. If Nasdaq accepts that Stratus could have until May 14 to file itsfinancialk reports. Austin-based Stratus is a real estate management anddevelopment company. It's currently steeringv the development ofthe downtown.