“The threat of a NASDAQ delisting and the ensuing hearing process was obviously a difficult experience for our company; however, Donohoe Advisory’s guidance and representation before the NASDAQ Listing Panel made this difficult process vastly more manageable and ultimately led to a successful outcome. Their understanding of the process and NASDAQ precedent was extraordinarily valuable, as was their familiarity with the staff and the Listing Panel members.”
Alan Schutzman
Senior Vice President & General Counsel
Concord Camera Corporation
“Donohoe Advisory was invaluable in helping us obtain and maintain our NASDAQ listing exception over a protracted period of time. Dave Donohoe’s detailed knowledge of NASDAQ rules, procedures and personnel coupled with exceptional responsiveness allowed us to have a high degree of confidence that we had maximized our chances of a successful outcome. It was a pleasure to work with Dave, and I would encourage others to strongly consider retaining Donohoe Advisory should the need arise.”
Charles S. Gilbert
Senior Vice President,
General Counsel and Secretary
SOURCECORP, Inc.
“Donohoe Advisory assisted us with a successful delisting hearing before the NASDAQ Panel. Dave Donohoe’s participation was exceptionally helpful. He was very sensitive to the Panel’s orientation towards issues and helpful in avoiding pitfalls as well as in emphasizing the meaningful portions of our presentation. He was also instrumental in the preparation and presentation of our position before the Panel and played an important role in obtaining a successful outcome.”
John C. Allen
Sr. Vice President & General Counsel
Energy West Incorporated
“Donohoe Advisory’s understanding of the NASDAQ delisting process and the pitfalls of that process was exceptionally valuable to our management team as we prepared for the hearing and as we drafted documents for submission to NASDAQ. Dave Donohoe was also instrumental in the Company’s presentation to the Panel during the hearing. He was extremely responsive both to our management team and our outside counsel. Ultimately, we were successful in eliminating the threat of delisting.”
Bert B. Young
Chief Financial Officer
The SCO Group, Inc.
“Following the receipt of a delisting letter, which was based on our bankruptcy filing, we hired Donohoe Advisory to represent us in the delisting hearing and to assist us in obtaining a listing approval for the Company upon emergence from bankruptcy. With the invaluable guidance of Dave Donohoe and his team, we were able to convince the NASDAQ Panel to keep us listed pending our emergence from bankruptcy. As we understand it, this was the first time in more than five years that NASDAQ had granted such relief. Ultimately, Donohoe Advisory assisted us in the successful resolution of all listing issues, a not insignificant task given the fact that at one point in the process we were working simultaneously with five separate NASDAQ departments to obtain the necessary approvals. It is fair to say that our ability to successfully navigate this very complex process was greatly enhanced by Donohoe Advisory’s detailed familiarity with NASDAQ’s rules, policies, procedures, precedent and staff. We also were well served by Donohoe Advisory’s extraordinary responsiveness and strategic guidance.”
Fourd Kemper
General Counsel
Luna Innovations Incorporated
“Donohoe Advisory was an invaluable resource in our relationship with the NASDAQ Listing Qualifications Panel. With their assistance we were able to maintain our listing during the extended period necessary for us to bring the company back into compliance with the Nasdaq filing requirement. Dave Donohoe’s practical knowledge of both NASDAQ rules and processes and the potential implications of the threatened delisting helped us anticipate actions we needed to take. Equally important were his ready availability, quick responses and insight into the Panel deliberation process. It is difficult to imagine that any other firm could provide a higher level of service than we enjoyed with Donohoe Advisory, and I would encourage any company considering representation in this area to retain their services.”
Steven R. Williams
Chairman and CEO
Petroleum Development Corporation
“Donohoe Advisory played a critical role in the successful resolution of our NASDAQ listing matter. They participated and assisted in all phases of the hearing process including advising on strategy, drafting or reviewing our submissions, and making the presentation to the Panel. They were in contact with our outside law firm on a continuous basis over a three month period. We credit a large part of our success to the involvement of Donohoe Advisory and we would highly recommend to any company finding itself in a similar position that they consider hiring Dave Donohoe and his firm.”
Charles Zwebner
Chairman, Chief Executive Officer and President
Yak Communications Inc.
“We hired Donohoe Advisory one day following receipt of a NASDAQ notification of non-compliance with a shareholder approval requirement. Dave Donohoe immediately contacted the NASDAQ staff and went to work on restructuring our transaction and was able to obtain a letter from NASDAQ confirming the fact that we had regained compliance within three business days of being hired, enabling the Company to move forward with a new more significant transaction. Maintaining our NASDAQ listing is of vital importance to our Company and we feel very strongly that Donohoe Advisory will act as a safeguard to prevent any compliance issues in the future. This was clearly one of our best decisions.”
“We hired Donohoe Advisory to evaluate structures of a very significant transaction and assist us to obtain confirmation from NASDAQ that the transaction would be viewed as compliant with NASDAQ’s shareholder approval and voting rights requirements. Dave Donohoe demonstrated an in-depth knowledge of the NASDAQ rules as well as an ability to research the underlying policies, which was very helpful in shaping our discussions with NASDAQ. He was very responsive to us and allowed us to maintain an open, continuous and fruitful dialogue with all levels of the NASDAQ staff, which was critical to us due to the time sensitive nature of the issues under discussion.”
