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July 7, 2010

Blockbuster De-Listed by NYSE

Blockbusterstore.jpg

Another blow for Blockbuster as they have been de-listed and suspended from trading by the New York Stock Exchange after refusing a reverse stock split that would have adjusted their shares from $.18 to above the $1.00 threshold. The company has one month to get out of debt although it still seems that bankruptcy will be their ultimate end.

Via TechFreqNews

Read More in: News | Video Streaming

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Posted by Sheila Franklin at July 7, 2010 8:40 PM

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