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Gold/Mining/Energy : Shale Natural Gas, Oil and NGLs and ESA
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To: jrhana who wrote (6027)10/9/2012 11:40:48 PM
From: Glenn Petersen  Read Replies (2) of 6160
 
I took a look at the most recent balance sheet and this strikes me as a bit premature (by about six months), unless the NYSE has a sense of ESA's fourth quarter performance. Not good. The directors will probably be looking for a buyer.

On October 4, 2012, Energy Services of America Corporation (the "Company") received notice from the NYSE MKT LLC ("NYSE") that the Company was not in compliance with one of the NYSE's continuing listing standards as set forth at Part 10 of the NYSE Market Rules company guide, specifically Section 1003(a)(iv) of the NYSE Market Rules company guide since the Company has sustained losses which, in the opinion of the NYSE are so substantial in relation to the Company's overall operations or the Company's existing financial resources, or the Company's financial condition has become so impaired that it appears questionable in the opinion of the NYSE, as to whether the Company will be able to continue its operations and/or meet its obligations. The NYSE has asked that the Company submit a plan indicating how it will become compliant with Section 1003(a)(iv). The Company and its board of directors' is currently evaluating the statements made in the NYSE notice, the scope that any plan of compliance would take, as well as the alternatives that may be available to the Company.

biz.yahoo.com
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