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Re: Planopenny post# 10

Sunday, 04/24/2011 2:33:20 PM

Sunday, April 24, 2011 2:33:20 PM

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I wouldn't say they don't care about shareholders, they are trying to stay alive, which IS caring about shareholders, because if they file bankruptcy the stock will be worthless. It cost a lot to stay current with the SEC, and they would probably rather be back on NASDAQ than spend the money just to be on the OTC.

As a result, the Company will be able to cease registration of its common stock under the Securities Exchange Act of 1934 and withdraw its shares from listing on the Nasdaq Capital Market. The Company anticipates savings of approximately $766,000 (1% of annual consolidated sales) on an annual basis as a result of the Transaction.


I would sooner have you hate me for telling you the truth than adore me for telling you lies.

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