Pat Ferrucci, the Register’s entertainment editor, tackles the toughest subject in life: entertainment. To him, entertainment can mean anything from music to film, from sports to television or from mundane happenings to orange juice.
The New York Stock Exchange is giving JRC the boot!
NEW YORK (AP) -- NYSE Regulation Inc. said Friday shares of publisher Journal Register Co. do not meet the Big Board's continued listing standards, and it will suspend trading of the stock before April 16. Journal Register shares closed Friday at 26 cents and have closed below $1 over 30 consecutive trading days, violating one of the exchange's continued listing criteria.
NYSE Regulation also said the "abnormally low" price of Journal Register's stock makes it "appropriate" to suspend the stock before giving the company time to bring shares within compliance.
The Yardley, Pa., publisher has a market capitalization of roughly $11 million based on Friday's closing price. The stock has traded between 16 cents and $6.48 over the past 52 weeks.
Journal Register, which publishes daily newspapers and non-daily publications, said earlier in the week it hired Lazard Freres as its financial adviser to help it evaluate strategic options.
4 comments:
One just can't find a good "fun club" anymore...
The New York Stock Exchange is giving JRC the boot!
NEW YORK (AP) -- NYSE Regulation Inc. said Friday shares of publisher Journal Register Co. do not meet the Big Board's continued listing standards, and it will suspend trading of the stock before April 16.
Journal Register shares closed Friday at 26 cents and have closed below $1 over 30 consecutive trading days, violating one of the exchange's continued listing criteria.
NYSE Regulation also said the "abnormally low" price of Journal Register's stock makes it "appropriate" to suspend the stock before giving the company time to bring shares within compliance.
The Yardley, Pa., publisher has a market capitalization of roughly $11 million based on Friday's closing price. The stock has traded between 16 cents and $6.48 over the past 52 weeks.
Journal Register, which publishes daily newspapers and non-daily publications, said earlier in the week it hired Lazard Freres as its financial adviser to help it evaluate strategic options.
This is just wrong, my friend.
http://www.sox-appeal.com/
This is just wrong, my friend.
http://www.sox-appeal.com/
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