Biotech Valuation 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.

Biotech / Medical : Biotech Valuation

CRSP 55.08

-2.9%

Dec 26 9:30 AM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

From: Biomaven	12/22/2005 3:07:35 PM
	Read Replies (1) of 52153

Not something you see very often - usually these walking-dead companies remain on more-stock-issuance life-support for ever: Large Scale Biology to shut doors; stock to delist Thu Dec 22, 2005 02:32 PM ET BOSTON, Dec 22 (Reuters) - Large Scale Biology Corp. (LSBCD.O: Quote, Profile, Research) said on Thursday that it will close down on December 23, because it doesn't have enough cash or liquid assets to continue. The company's stock, which closed on Wednesday at $1.41 on Nasdaq, will be delisted at the open on December 27 and will cease trading at the end of trading this Friday, December 23. The company said it is notifying its employees that they will be laid off on the same day. "We are taking steps to preserve our assets for the benefit of our creditors and stockholders," said Kevin Ryan, the company's chief executive.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next