Sanchez Midstream has NYSE American continued record caution (NYSEMKT:SNMP)

Sanchez Midstream Partners (NYSEMKT:SNMP) states it obtained a deficiency letter in NYSE American it is below compliance with continuing listing criteria.

NYSE American needs SNMP to report spouses’ funds of $2M or even in case it also has reported losses from continuing operations and/or web reductions in two of its most recent financial years.

The venture needs to submit an application by May 3 explaining activities it must take to recover compliance with the continued listing standard by Oct. 3.

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