I almost bought this POS, glad I waited a few days.
JED Oil Inc. Announces Common Shares to Be Delisted from NYSE Alternext and Trade on the OTCBB
Thursday January 8, 8:45 am ET
DIDSBURY, Alberta--(BUSINESS WIRE)--JED Oil Inc. (NYSE Alternext: JDO) (“JED” or the “Company”) today announced that it has received a notice dated January 7, 2009 from NYSE Alternext US LLC (the “Exchange”, formerly the American Stock Exchange), that the Company’s appeal to a Listing Qualifications Panel of the Exchange’s Committee on Securities (the “Panel”) of the previously announced determination by the staff of the Corporate Compliance Department of NYSE Regulations, Inc. to prohibit the continued listing of JED’s common shares on the Exchange and to initiate delisting proceedings has been denied, and the Panel unanimously affirmed the determination to delist the common shares of JED. The notice further stated that the Exchange will suspend trading of the Company’s common shares as soon as practical in accordance with the Exchange rules, and file an application with the Securities and Exchange Commission of the United States to strike JED’s common shares from listing and registration on the Exchange.
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The Company has 15 days from January 7, 2009 to request an appeal of the full Committee on Securities, and if that appeal is denied, to appeal the decision by the Committee on Securities to the Board of Directors of the Exchange. JED does not intend to request a further appeal.
JED expects its common shares to begin to trade on the OTC Bulletin Board shortly after being delisted from the Exchange. The Company will make a public announcement about the stock symbol it will be assigned on the OTCBB as soon as it is determined.
About JED Oil Inc.
Established in September 2003, JED Oil Inc. is an oil and natural gas company that commenced operations in the second quarter of 2004 and develops and operates oil and natural gas properties in western Canada and the Rocky Mountain states in the United States.
