Titan Tanks
"PHOENIX, Nov. 30 /PRNewswire/ -- Titan Motorcycle Co. of America (Trading Symbol: TMOT) announcedday that the Nasdaq Listing Qualifications Panel has decided to delist the company's common stock from theNasdaq SmallCap Market as of the opening of the market on November 30, 2000. Nasdaq's decision is the resultof the Company's inability to meet the minimum bid price for its common stock as set by Nasdaq. Over the pastseveral months, the company has had difficulty meeting both Nasdaq's trading price and capitalizationrequirements. Upon delisting, the company's common stock will become eligible for trading on the OTC BulletinBoard."
MO CEO Philip adds: "I believe that the minimum price is that it can't go below $1 for morethan 30 consecutive days. It's a bummer for their shareholders."
It's sad to see Titan in it's death throes, they certainly seemed better-managed than E-H, many in the industry thought that Titan would suceed.
Do any MO readers own a Titan? Is it a good bike? A good company?
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