Business in the Burbs

Debt Resolve wonâ€™t appeal stock delisting

September

Debt Resolve Inc. of White Plains said that it wonâ€™t appeal the American Stock Exchangeâ€™s decision to suspend trading of the companyâ€™s common stock for not meeting listing standards.

Debt Resolve, which runs an online consumer debt settlement service, said it has applied to list the stock on the OTC Bulletin Board.

For now, Debt Resolve said that the stock may trade on the Pink Sheets.

In August, the company said it lost $4.2 million, or 48 cents a share, during the second quarter.

This entry was posted on Friday, September 26th, 2008 at 4:37 pm by Jay Loomis.
You can follow any responses to this entry through the RSS 2.0 feed.
Print | Email

It is a condition of your use of the comment features associated with the blogs that you do not: Use the site to post or transmit any unlawful, threatening, abusive, libelous, defamatory, obscene, vulgar, pornographic, profane or indecent information of any kind, including without limitation any transmissions constituting or encouraging conduct that would constitute a criminal offense, give rise to civil liability or otherwise violate any local, state, national or international law. You alone are responsible for the material you post or send. Refer to the Terms of Service.