Good morning everyone. My oh my, what have we hear. News after hours on a Friday...who would have figured?? :-) Well, it's not BK, but just an interim stopping point. See you all in the single cents shortly! :-)
Geezer, what the heck are you doing throwing more money at this POS! Get out now with what little is left and buy Jane a latte!
Home Solutions Withdraws Nasdaq Appeal 7:11 PM ET
Home Solutions of America, Inc. (NASDAQ: HSOA; the "Company" or "Home Solutions"), a provider of restoration, construction and interior services to commercial and residential customers, announced that it has withdrawn its appeal to remain listed on the Nasdaq National Market and as a result its Common Stock would be delisted from the Nasdaq Stock Market effective with the opening of trading on January 7, 2008. The Company expects its shares will be eligible for quotation on the Pink Sheets Electronic Quotation System. Home Solutions expects its common stock will continue to trade under the ticker symbol HSOA.
On November 21, 2007, the Company announced it had received a Nasdaq Staff Determination indicating that its failure to timely file its Form 10-Q for the quarter ended September 30, 2007 with the Securities and Exchange Commission amounted to a failure to comply with a requirement under Nasdaq's Marketplace Rule 4310(c)(14) for continued listing. The Company requested a hearing before a Nasdaq Listing Qualifications Panel to appeal the Staff Determination and such hearing had been scheduled for January 10, 2008.
On November 9, 2007, the Company filed, on Form 12b-25, a Notification of Late Filing of the Quarterly Report. On November 14, 2007, the Company announced that it would further delay the filing of the quarterly report past the extended filing deadline. The delay in filing is due to a previously announced ongoing audit committee investigation into related party transactions and other matters. In addition, on Decembe r 14, 2007, the Company announced that it and its auditors had concluded that the Company's financial statements for the first two quarters of 2007 need to be restated and should no longer be relied upon. The Company is working diligently with the Audit Committee to complete the investigation and to file all required reports as soon as practicable.
SOURCE: Home Solutions of America, Inc.
Home Solutions of America, Inc., Dallas Matt Kreps, 214-623-8486 |
