YRC Worldwide Inc (YRCW)

[temp2]

He is right and he said "end of august" which is when they will get delisted if they don't get back over $1.00

YRC Worldwide CEO: Reverse Stock Split May Not Happen In 2Q
Yrc Worldwide (NASDAQ:YRCW)
Historical Stock Chart
1 Month : June 2010 to July 2010
A reverse stock split that YRC Worldwide Inc. (YRCW) previously announced would take place in the second quarter now may not happen until August, Chief Executive Bill Zollars said Monday.

Zollars, speaking in an interview, offered no specific reason for the possible delay except to say the struggling trucking company's board of directors has not made a decision on the timing yet.

He said it's still possible the reverse split will happen in the second quarter.

YRC announced in March, and reiterated several times since, that it would enact a reverse split in the second quarter, a plan aimed at boosting its share price above $1 and avoiding delisting by the Nasdaq stock market.

But YRC also has noted that it technically has until Aug. 30 to satisfy the Nasdaq listing requirements.

Zollars said Monday that the company definitely plans to avoid delisting by enacting a reverse split, regardless of the precise timing.

YRC shares were trading recently at 25 cents, up 2 cents, or about 8.5%.

The specific ratio for the planned reverse stock split hasn't been set yet, although YRC has said it will range from 1:25 to 1:5.