Replies to post #27851 on World Surveillance Group Inc (fka WSGI)

[miguellara]

They will not be delisted they will be put on probation.

[uclaraj]

from the amex website:

After the hearing, the Panel will issue a written decision (the "Panel Decision") describing the specific grounds for its determination and identifying any quantitative standard or qualitative consideration set forth in Part 1 or Part 10 that the issuer has failed to satisfy, including, if applicable, the basis for its determination that (i) the issuer's securities should be approved for listing pursuant to Section 1203(c); (ii) the issuer's securities should continue to be listed as permitted by Section 1009; or (iii) that the Staff Determination was in error. The Panel Decision will be promptly provided to the issuer and is effective immediately unless it specifies to the contrary, or as provided in paragraph (d) of this Section. The Panel Decision will provide notice that the issuer may request review of the Panel Decision by the Committee on Securities within 15 calendar days of the date of the Panel Decision and that any such Committee on Securities Decision may be called for review by the Amex Board not later than the next Amex Board meeting that is 15 calendar days or more following the date of the Committee on Securities Decision pursuant to Section 1206.


(d) If the Panel Decision provides that the issuer's security or securities should be delisted, the Exchange will suspend trading in such securities as soon as practicable and initiate the delisting process in accordance with Section 1010.