Usurf America ( USUR ) .10 // Unique Situation
On March 10, 2004 Usurf was de-listed from the AMEX because of their failure to meet minimum bid requirements of $1.00 per share. Prior to being de-listed the stock was traded under the symbol UAX, and was trading around .20 per share.
The new symbol USUR is temporarily being traded on the pinks while a list of participating market makers can be arranged.
The Situation:
Usurf is selling at a 50% discount while its trading on the pinks, and this is the only reason why it is trading at these levels. The business is still the same, there have been no fundamental changes.
Once the company announces that it will be listed on the OTCBB the price is likely to run up, as with most companies that make the move from pinks to the OTCBB.
DENVER, Mar 10, 2004 /PRNewswire-FirstCall via COMTEX/ -- USURF America, Inc.
today announced that the Company has been notified by the American Stock
Exchange ("AMEX") that as of Sept. 30, 2003, it did not meet the minimum
standards for listing on the AMEX. As such, effective March 10, 2004, the
company's common stock will be suspended from trading on the AMEX. The Company
is taking steps to initiate trading of its common stock on the Over-The-Counter
market. In the interim, the Company's common stock will be quoted on the Pink
Sheets Electronic Quotation Service.
