Item 3.01 Notice of Delisting or Failure to Satisfy a Continued Listing Rule or
Standard; Transfer of Listing.
On
The Company anticipates that its common stock and the warrants identified above
will be traded in the over-the-counter ("OTC") market commencing on
The common stock will retain its ticker symbol (QNGY). The ticker symbol for the
warrants will be posted to
http://otce.finra.org/otce/dailyList?viewType=Additions when available, which is
expected to be
The Company intends to apply to have the common stock quoted on the OTCQB, a
higher market tier operated by the OTC Markets Group, Inc. The Company may also
apply to have the warrants quoted on the OTCQB, if eligible. The Company will
continue to make all required filings with the
For risks and uncertainties resulting from the delisting, refer to "Risk
Factors-There can be no assurance that we will be able to comply with the
continued listing standards of NYSE" and "Risk Factors-Our failure to meet the
continued listing requirements of NYSE could result in a delisting of our
securities" under Item 1A of the Company's Quarterly Report on Form 10-Q for
the quarter ended
Forward-Looking Statements
This report includes "forward-looking statements" for purposes of the safe
harbor provisions under the United States Private Securities Litigation Reform
Act of 1995. Forward-looking statements generally are accompanied by words such
as "may," "will," "anticipate," "intend," "expect" and similar expressions that
predict or indicate future events or trends or that are not statements of
historical matters. All statements, other than statements of present or
historical fact included in this report, are forward-looking statements,
including statements related to the anticipated move of the Company's common
stock and warrants to OTC and the timing thereof, and the potential future
quoting of these securities on the OTCQB. These forward-looking statements
involve significant risks and uncertainties that could cause actual results to
differ materially from expected results. Most of these factors are outside the
Company's control and are difficult to predict. Factors that may cause such
differences include, but are not limited to: logistical issues associated with
transferring the trading of the Company's securities from the NYSE to the OTC;
the Company's ability to satisfy the criteria for having its securities trade on
OTCQB; there is no assurance that an active market will be maintained for the
Company's common stock or warrants; and other risks and uncertainties indicated
in the Company's filings with the
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