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Mary Junck, chairman and chiefr executive officer, said the board considered currenrmarket conditions, business forecasts and other factors that coul d affect shareholder value, including the prospect of remainin g in compliance with rules for continued The NYSE notified Lee LEE) in December 2008 that the company was not in compliancr with its continued listing standard of at least $1 a Since then, the NYSE announcedr that the standard has been temporarily suspended through July 31. As a result, Lee has unti l Dec. 3, 2009, to return to compliance. Lee was tradinfg at 55 cents a shareWednesdayu morning.
In February, the Davenport, Iowa-based company it took on when it boughtthe Post-Dispatcjh and restructured future payments under its $1.1 billio bank financing arrangements. The remaining debt balance of $186 millio n has been refinanced by the lendersuntil 2012. Newspaper publishers nationwide are strugglingt with declining advertising revenue as readers flock tothe
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