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Austin-based Stratus has so far failed to file its 2008 annual reportand most-recent quarterly reports with the Securities Exchange Commission. The real estate company has said it'sw attempting to resolve some accounting errors andis "workinhg diligently" to file its reports. But Nasdaqa listing rules require timely filing of financials and the exchanger has sent Stratus several noticees citingits noncompliance. Stratus STRS) has requested a hearing on itspendingf delisting, which delayed the action until June 8. But the companhy has now received a further extensio untilJune 25. Shares of Stratus were tradingat $7.
509 on Wednesday morning, up slightlgy from the stock's closing price on Tuesday. The shares have tradeed in the rangeof $4.52 to $30.756 over the last 52 weeks. Stratus is a real estater acquisition, management and development company. It's currentlt steering the development ofthe downtown.
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