NYSE EURONEXT 
By Moves to Remove from the List | |||
NYSE Regulation has determined that the Company is no longer
suitable for listing. This decision was reached in view
of the Company's January 19, 2012 announcement that it and
its U.S. subsidiaries have filed voluntary petitions for
Chapter 11 business reorganization in the U.S Bankruptcy
Court for the Southern District of New York. NYSE
Regulation noted the uncertainty as to the timing and outcome
of the bankruptcy process, as well as the ultimate effect of
this process on the Company's common stockholders.
In addition, we noted that the Company had previously fallen
below the New York Stock Exchange ("NYSE") continued listing
minimum share price standard, as the average closing price of
its common stock is less than $1.00 over a consecutive 30
trading day period.
The Company has a right to a review of this determination by
a Committee of the Board of Directors of NYSE Regulation.
Application to the Securities and Exchange Commission to
delist the issue is pending the completion of applicable
procedures, including any appeal by the Company of the NYSE
Regulation staff's decision. The NYSE noted that it
may, at any time, suspend a security if it believes that
continued dealings in the security on the NYSE are not
advisable.
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