Coram (CRH)--has the turnaround begun Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Microcap & Penny Stocks : Coram (CRH)--has the turnaround begun

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: leigh aulper who wrote ()	3/7/2000 4:47:00 PM
From: leigh aulper	of 85

Coram Begins Trading on OTC Market DENVER, March 7, 2000 (PRIMEZONE) -- Denver Coram Healthcare Corporation (OTC:CRHE - news) announced that effective today its stock is trading on the National Association of Securities Dealers' Over-the-Counter (OTC) market under the symbol CRHE. The Company's former symbol was CRH. The Company expects to be listed on the OTC Bulletin Board within the next few days. As previously announced, Coram's stock was suspended from the New York Stock Exchange (``NYSE') because the Company does not comply with the NYSE requirement of at least $50 million in stockholders' equity, $50 million in market capitalization and a stock price of $1. ``We believe the strategic repositioning we are undertaking with new leadership is beginning to make a positive difference in the performance of the Company,' said Daniel D. Crowley, Chairman, President and Chief Executive Officer of Coram. ``However, we could not provide the NYSE with the necessary assurance that we would meet the listing criteria within the 18-month timeframe allowed.' Mr. Crowley added: ``We are focusing on improving the fundamentals of Coram as well as exploring alternatives for addressing its highly leveraged capital structure in order to secure a brighter and more stable future for the Company.'

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next