Item 3.01 Notice of Delisting or Failure to Satisfy a Continued Listing Rule or
Standard; Transfer of Listing.
As previously disclosed, on
On
The Company does not plan to appeal the NYSE's determination. Accordingly, a
Form 25-NSE will be filed with the
After the common stock is delisted by NYSE, it may trade on the OTC Bulletin
Board ("OTC BB") or the
In addition to the decrease in liquidity caused by investors' inability to trade shares of common stock on the NYSE, the Company cautions that trading in the common stock during the pendency of the chapter 11 cases is highly speculative and poses substantial risks. Trading prices for the common stock may bear little or no relationship to the actual recovery, if any, by holders of the common stock in the chapter 11 cases. The Company expects that holders of the common stock could experience a significant or complete loss on their investment, depending on the outcome of the chapter 11 cases. Accordingly, the Company urges extreme caution with respect to existing and future investments in the common stock.
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