M-wise, Inc. (MWIS)

[Fonzy35]

"The Company disclosing its intent to voluntarily delist its common stock from the OTC Bulletin Board"

8k June 22 2011

http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=8005165

Item 3.01 Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing

The Company is issuing this 8-K as a result of a press release issued by The Company disclosing its intent to voluntarily delist its common stock from the OTC Bulletin Board. The Company anticipates that the delisting will be effective 10 days after filing of the Form 15, “Notification of Removal from Listing.” The Company intends to file Form 15 on or after June 22, 2011.

The Board of Directors of the Company approved the voluntary delisting of the Company’s common stock on June 22, 2011, due to the following reasons:

(a)
The significant costs associated with regulatory compliance impose a burden that the Company cannot bear given its current financial position. In addition, the current benefits of being a public company is outweighed by the financial burdens imposed by such status; and

(b)
The shares of the company are currently held by less than 300 record holders and are thinly traded.

Upon removal of listing, the Company shall cease to file reports with the Security and Exchange Commission.