Replies to post #108 on Pioneer Energy Services Corp. (fka PESXQ)

[Smilin_B]

Email from PESX investor relations:

From: [e-mail]

Pioneer’s stock has been suspended from trading from the NYSE due to it hitting an abnormally low trading price, which is defined by the NYSE as below $0.16. As a result, we expect that our stock will now begin trading on the Over-The-Counter Market and we will be able provide investors with a new trading symbol shortly. It is important to note that this transition to the OTC Markets will have no effect on day-to-day operations or the long term viability of the Company. 

Senior management is continuing to work diligently on the situation; however, it will take a little time to resolve and at this time we are unable to discuss any details about management’s efforts. Assuming certain NYSE standards can be met in the future, the Company’s goal is to be able to relist on the NYSE and have PES’s stock trade as it did previously.


Regards, Lisa