Icebergclub
Happy to have a Job.....
- Joined
- Mar 14, 2002
- Posts
- 61
This aint good.............
From the NYSE site:
NYSE to Suspend Trading in Atlas Air Worldwide Holdings, Inc. and Moves to Remove from the List
NEW YORK, September 8, 2003 -- The New York Stock Exchange announced today that it determined that the common stock of Atlas Air Worldwide Holdings, Inc. (the "Company") – ticker symbol CGO - should be suspended immediately. 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 staff’s decision.
The decision was reached in view of the Company’s previously announced liquidity and financial difficulties, including the current forbearance agreement with the holders of a majority of its Class A Enhanced Equipment Trust Certificate Obligations. In addition, the NYSE considered the Company’s delay in completing its current financial statement filing requirements, including, among other things, the previously announced restatement of its 2001 and 2000 financial statements.
The NYSE notes that it may make an appraisal of, and determine on an individual basis, the suitability for continued listing of an issue in light of all pertinent facts and circumstances whenever it deems such action appropriate. In addition, the NYSE may, at any time, suspend a security if it believes that continued dealings in or listing of the security on the NYSE are not advisable.
Contact: Robin Verhose
Phone: 212.656.2088
Email: [email protected]
From the NYSE site:
NYSE to Suspend Trading in Atlas Air Worldwide Holdings, Inc. and Moves to Remove from the List
NEW YORK, September 8, 2003 -- The New York Stock Exchange announced today that it determined that the common stock of Atlas Air Worldwide Holdings, Inc. (the "Company") – ticker symbol CGO - should be suspended immediately. 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 staff’s decision.
The decision was reached in view of the Company’s previously announced liquidity and financial difficulties, including the current forbearance agreement with the holders of a majority of its Class A Enhanced Equipment Trust Certificate Obligations. In addition, the NYSE considered the Company’s delay in completing its current financial statement filing requirements, including, among other things, the previously announced restatement of its 2001 and 2000 financial statements.
The NYSE notes that it may make an appraisal of, and determine on an individual basis, the suitability for continued listing of an issue in light of all pertinent facts and circumstances whenever it deems such action appropriate. In addition, the NYSE may, at any time, suspend a security if it believes that continued dealings in or listing of the security on the NYSE are not advisable.
Contact: Robin Verhose
Phone: 212.656.2088
Email: [email protected]