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Microcap & Penny Stocks : TGL WHAAAAAAAT! Alerts, thoughts, discussion.
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To: Jim Bishop who started this subject12/19/2002 9:10:50 AM
From: SSP  Read Replies (3) of 150070
 
KMRTQ - Attention!! All Pissed off shareholders, your certs trade under new symbol now!! Kmart Announces New Ticker Symbols; Common Stock and Trust Preferred Securities to be Quoted on Pink Sheets

TROY, Mich., Dec. 19 /PRNewswire-FirstCall/ -- Kmart Corporation announced that the over-the-counter bulletin board (the "OTCBB") has assigned the new ticker symbols "KMRTQ" to its common stock and "KMTPQ" to the trust preferred securities of Kmart Corporation's subsidiary, Kmart Financing I. Effective today, the common stock and the trust preferred securities will be quoted on the Pink Sheets Electronic Quotation Service; information regarding such service is available at www.pinksheets.com . The OTCBB has indicated that quotation of the common stock and the trust preferred securities on the OTCBB will be delayed in light of the Company's previously announced restatement of its financial statements. The Company expects such securities to be eligible for quotation on the OTCBB no later than completion of the restatement.
As previously announced, the New York Stock Exchange has indicated that it will suspend trading of Kmart's common stock and the trust convertible preferred securities effective today, and that it has initiated proceedings to delist the securities.
Kmart Corporation is a mass merchandising company that serves America with more than 1,800 Kmart and Kmart SuperCenter retail outlets. Kmart in 2001 had sales of $36 billion.
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