Thursday, October 18, 2007
NATIONAL RV KEEPS GETTING SMALLER
RV Business
Tuesday, October 16, 2007
National RV Holdings Inc. today (Oct. 16) announced that it will list its common stock on the OTC Bulletin Board.
The announcement came in response to notification from the NYSE Regulation that it intends to remove National RV Holdings’ listing on the Arca index prior to the opening of trading on Oct. 24.
The Perris, Calif,-based company, parent to motorhome builder National RV Inc., was informed Sept. 20 that it had failed to meet compliance standards, falling below the $1 per share minimum for over 30 consecutive days.
"At this point, we are just too small to continue our listing on the NYSE, which is increasing its listing maintenance standards," commented Dave Humphreys, National RV Holdings CEO. "We are confident that our common stock will be listed for trading on the OTC Bulletin Board with no interruption in trading.
“This will have no impact on our business and the OTC Bulletin Board has become the trading venue of many public companies."
The OTC Bulletin Board is a regulated service that displays real-time quotes, last-sale prices and volume information in over-the-counter equity securities. It provides access to more than 3,300 securities and includes more than 230 participating market makers.
Tuesday, October 16, 2007
National RV Holdings Inc. today (Oct. 16) announced that it will list its common stock on the OTC Bulletin Board.
The announcement came in response to notification from the NYSE Regulation that it intends to remove National RV Holdings’ listing on the Arca index prior to the opening of trading on Oct. 24.
The Perris, Calif,-based company, parent to motorhome builder National RV Inc., was informed Sept. 20 that it had failed to meet compliance standards, falling below the $1 per share minimum for over 30 consecutive days.
"At this point, we are just too small to continue our listing on the NYSE, which is increasing its listing maintenance standards," commented Dave Humphreys, National RV Holdings CEO. "We are confident that our common stock will be listed for trading on the OTC Bulletin Board with no interruption in trading.
“This will have no impact on our business and the OTC Bulletin Board has become the trading venue of many public companies."
The OTC Bulletin Board is a regulated service that displays real-time quotes, last-sale prices and volume information in over-the-counter equity securities. It provides access to more than 3,300 securities and includes more than 230 participating market makers.
