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Revision History For: ABXA.ob ABX air former subsid Airborne

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I'm just starting to dig deeper into ÅBXA after going long about a week ago.
I was drawn to it by TA and a pr about ABX Air filing to Intervene In ALPA vs. DHL Lawsuit.

What struck me was who was COB *of this new company.
And why hadn't they gone through an IPO but rather opened as BB? It's just confounding.

A lot of cashflow. 11 hubs, a fleet of 116 planes!, 7500 employees.
So why is this stock trading at $2.48 on the OTC ? Please look a the 10Q & some discussion from yhoo posted below.

*(Today ABX also announced that Richard M. Rosenberg has been named Chairman of the Board.
Formerly Chairman and CEO of BankAmerica Corp)