Notice of Delisting by NYSE Amex
06 Luglio 2010 - 8:38PM
PR Newswire (US)
LONGWOOD, Fla., July 6 /PRNewswire-FirstCall/ -- Jesup &
Lamont Inc. (Amex: JLI), today announced that on Thursday, July 1, 2010 it received notice from
the NYSE Amex, LLC that its shares of common stock were subject to
removal from listing on the Exchange pursuant to Section
1003(a)(iv) of the Company Guide in that its financial resources,
or its financial condition has become so impaired that it appears
questionable, in the opinion of the Exchange, as to whether to
Company will be able to continue operations and/or meet its
obligations as they mature; and Section 1003(c)(i) of the Company
Guide in that the Company has discontinued a substantial portion of
its operations. Furthermore, in accordance with commentary
.01 to Section 1009 of the Company Guide, Staff has determined that
given the Company's financial impairment and significant reduction
in operations and for the protection of investors, it is
appropriate to initiate immediate delisting proceedings. The
Company has a right, for a limited period of time to appeal this
determination, but has not yet made a decision as to whether to
exercise this right.
SOURCE Jesup & Lamont Inc.
Copyright ly 6 PR Newswire
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