Replies to post #46 on JOURNAL REGISTER CO(NYSE: JRC) (JRC)

[everett7]

That is the old PR, this was released today:

Journal Register Company Receives NYSE Delisting Notification
Monday April 14, 5:28 pm ET


YARDLEY, PA--(MARKET WIRE)--Apr 14, 2008 -- Journal Register Company (NYSE:JRC - News) announced today that the New York Stock Exchange (the "NYSE") intends to suspend trading in the Company's common stock prior to the NYSE's opening on April 16, 2008 and that the NYSE will commence procedures to delist the Company's common stock. The NYSE determined to suspend trading based on the abnormally low trading price for the common stock, which closed at $0.265 on April 11, 2008. The Company does not intend to take any further action to appeal the NYSE's decision and therefore, it is expected that the common stock will be delisted after completion by the NYSE of application to the Securities and Exchange Commission. The Company expects trading in its common stock will be transferred to the over-the-counter market following the suspension of trading on the NYSE.




Shorts will want to cover while JRC is still listed on the NYSE because they run more of a risk trying to cover on the OTC, never know what might happen on the OTC because there are different market makers, and there can be very wild price swings.