Replies to post #14 on Citadel Broadcasting Corporation (fka CTDBQ)

[PennyJones]

Not sure, here is their explantion:

http://www.citadelbroadcasting.com/uploadedFiles/Websites/Citadel_Broadcasting/Content/Press_Room/2009/CDL%20announcement%20of%20OTC.pdf

They dont say why, just that they expected it.

Looking at their rev numbers from 3rd Q 2008, they look far from bankrupt with 214 million in revenues:
(29 million in the 3rd Q alone)

http://www.citadelbroadcasting.com/uploadedFiles/Websites/Citadel_Broadcasting/Content/Press_Room/2008/CDL-2008%20Third%20Qrtr%20Earnings%20Release(2).pdf

[Phantom_Trader]

Not going bankrupt...was because they couldn't meet the requirements necessary to remain on the big boards. Everything else is business as usual