Saturday, June 07, 2014 4:55:35 AM
Following the announcement that the going private transaction was terminated, the company put out a news release yesterday stating that it has received notice from the NYSE that it is not in compliance with continued listing standards because it has not filed its annual report on Form 20-F on a timely basis. The Company is working on the audit and expects to file the 20-F in August 2014, which is within the standard 6 month window that the NYSE gives listed companies to regain compliance.
I have confirmed with management that they have not sold any shares, and that their holdings are consistent with the amounts reported on the latest Form 20-F.
Sincerely,
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