Canton, Massachussetts--Plymouth Rubber Company, Inc. has filed an application with the Securities and Exchange Commission to voluntarily delist its Stock from the AMEX, following notices that it does not comply with minimum shareholders' equity requirements.
In a statement, the company said, "Since May 2003, the Company had received several notifications from the AMEX that the Company was not in compliance with AMEX quantitative listing standards, related to both minimum shareholders' equity and minimum aggregate publicly held market values." The company tried to bring itself into compliance, but failed to do so, said the statement, and is therefore filing for voluntary de-listing, before it becomes compulsory.
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Press release from Plymouth
SEC filing (Scroll down for link to download document)