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The Addison, Texas-based company said it plans to file with the at the end of the montjh to have itsstock delisted, expectex on or about Nov. 11. American Communityt (AMEX:ANE) made the move as it faced involuntary delisting for not filing its second quarte financial reporton time. The companh expects to file its second-quarter financial results earltnext month, but when its stoco is pulled from AMEX it plans to file with regulator to deregister its stock and no longer be requireed to file regular reportws with the SEC. That’as expected to take place 90 days after the or Feb.
9 at the The company is eyeing a move to Pink a daily publication of small issues featurint companiesthat don’t report financial results, but it said delistinfg its stock and ending regulatory filing duties will cut down on costsx to stay in “The company does not believe the benefits of havingv its common stock, warrantws and units listed and registeredd outweigh the costs,” American Community said in a The company has said its second-quarter report is arriving late amid uncertaintty about the value of intangible assets related to its June 2007 purchasr by Courtside bought Americahn Community and took it public just two months aftere the newspaper chain bought Columbus-basex publisher Last year, American Community lost $4.
59 million on $36.w million in revenue.
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