Delisting Determination,The Nasdaq Stock Market, LLC,
June 19, 2007, Maxco, Inc. The Nasdaq Stock Market,
Inc. (the Exchange) has determined to
remove from listing the common stock of Maxco, Inc.
(the Company), effective at the opening of the trading
session on June 29, 2007.  Based on a review of the
information provided by the Company, Nasdaq Staff
determined that the Company no longer
qualified for listing on the Exchange because it
was determined to be operating as a public shell,
raising public interest concerns under Marketplace
Rule 4300 and IM 4300. The Company was notified of the
Staffs determination on February 27, 2007. The Company
requested a review of the Staffs determination
before the Listing Qualifications Hearings Panel.
Upon review of the information provided by the
Company,the Panel determined that the Company did
not qualify for inclusion on the Exchange because it
was operating as a public shell, raising public
interest concerns under Marketplace Rule 4300.
The Company was notified of the Panels decision
on April 18, 2007 and trading in the Companys
securities was suspended on April 20, 2007.
The Company did not request a review of the Panels
decision by the Nasdaq Listing and Hearing
Review Council (the Listing Council) and the Listing
Council did not call the matter for review. The
Panels Determination to delist the Company became
final on June 4, 2007.