Satcon Technology Corp is having a rough time of it on the Nasdaq.

The company has requested a hearing because its market cap. had fallen below $50,000,000 for 10 consecutive business days as at August 30th. This means it has failed to comply with the continued listing requirements of The Nasdaq Global Market.

What a ridiculous, arbitrary rule. Why not 11 days and $49 m dollars?

And why have such a rule at all?

Whenever I see round numbers, I become immediately sceptical and suspicious of overly bureaucratic activity. No wonder smaller US companies are now seeking to list on AIM rather than the Nasdaq. I'm sure there are people out there who can argue otherwise, but I don't really see the benefit of this rule to aspiring companies or the Nasdaq.