Silicon Investor (SI) -- The First Internet Community

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.

Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: Paul Senior who wrote (14728)	7/6/2002 5:20:13 AM
From: Dale Baker	Respond to of 78745

LDP - the NYSE finally decided to bury them too: Friday July 5, 10:00 am Eastern Time Reuters Company News London Pacific ADRs halted by NYSE pending review NEW YORK, July 5 (Reuters) - The New York Stock Exchange said it halted trading on the American depositary receipts of London Pacific Life & Annuity Co. (NYSE:LDP - News) and was reviewing its listing status after the insurer was placed under supervision by North Carolina regualators. The Exchange said in a statement on Wednesday that the ADRs of the U.S. life insurance subsidiary of London Pacific Group Ltd (London:LPG.L - News) would remain halted until the review was completed. London Pacific said on Wednesday it was placed under supervision by the North Carolina Department of Insurance, but did not provide further details. In mid-June, the company executed a one-for-10 reverse split on its shares to be in compliance with the NYSE's minimum listing requirement of $1 per share over a 30-day trading period. The NYSE said the company now met this requirement as well as its requirement of a market capitalization of $50 million over 30 days. The ADRs of London Pacific closed at 96 cents on Wednesday on the NYSE.