As previously disclosed, Derek R. Gray withdrew his candidacy for election to the board of directors of Clean Diesel Technologies, Inc. (NASDAQ:CDTI) at the 2014 annual meeting of stockholders of the Company held on May 21, 2014. As a result of Mr. Gray’s withdrawal, the Company has received notification from NASDAQ that it is no longer in compliance with NASDAQ Listing Rule 5605(c)(2)(A), which requires that the audit committee of the Company be composed of at least three members. In accordance with NASDAQ Listing Rule 5605(c)(4)(B), the Company has until the earlier of its next annual meeting of stockholders or May 21, 2015 to regain compliance with Listing Rule 5605(c)(2)(A), provided the Company’s next annual meeting is held on or after November 17, 2014. The Company intends to identify a third person to serve on the audit committee within the permitted time frame. Clean Diesel Technologies, Inc. (NASDAQ:CDTI) net profit margin is -16.20% and weekly performance is -2.02%. On last trading day company shares ended up $2.42. Analysts mean target price for the company is $3.75. Clean Diesel Technologies, Inc. (NASDAQ:CDTI) distance from 50-day simple moving average (SMA50) is -14.48%.
On 20 May ZBB Energy Corporation (NYSEMKT:ZBB) has appointed Bradley Hansen as president and chief operating officer of the Menomonee Falls battery manufacturer and developer of energy storage systems. ZBB Energy Corporation (NYSEMKT:ZBB) shares fell -3.50% in last trading session and ended the day on $1.93. ZBB gross Margin is 26.90% and its return on assets is -78.80%.ZBB Energy Corporation (NYSEMKT:ZBB) quarterly performance is -19.58%.
Cache, Inc. (NASDAQ:CACH) a specialty chain of women’s apparel stores, announced that it closed an underwritten public offering of 9,200,000 shares of common stock at a price to the public of $1.75 per share, which includes the exercise of the underwriter’s option to purchase 1,200,000 additional shares of common stock. Cache, Inc. (NASDAQ:CACH) shares moved down -1.78% in last trading session and was closed at $1.66, while trading in range of $1.59 – $1.73. Cache, Inc. (NASDAQ:CACH) year to date (YTD) performance is -69.43%.
DragonWave Inc. (NASDAQ:DWI), a Canadian maker of wireless data communications products, surged 21 percent after saying it lifted its revenue expectations for its fiscal first-quarter. DragonWave, Inc. (USA) (NASDAQ:DRWI) ended the last trading day at $1.42. Company weekly volatility is calculated as 10.70% and price to cash ratio as 3.54.DragonWave, Inc. (USA) (NASDAQ:DRWI) showed a positive weekly performance of 1.43%.
The prospect of large penalties for allegedly violating U.S. sanctions has sparked a debate within BNP Paribas SA (ADR)(OTCMKTS:BNPQY)’s executive suites over whether top officials, including the French bank’s chairman, Baudouin Prot, should resign, according to people familiar with the matter. On last trading day company shares ended up $34.93.