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Shoe Pavilion Faces NASDAQ De-listing

The Sherman Oaks-based footwear retailer Shoe Pavilion (NASDAQ:Shoe) has been put on delisting notice because its share price has been below its required minimum for 30 consecutive business days. The company’s stock has been in freefall since March, dropping from $1.55 per share on March 3 to $0.25 per share at the end of the day on June 26. At the end of June 2007, the stock was selling for $2.95.

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