Thomas Equipment, the New Brunswick-based manufacturer of skid-steer loaders, attachments, mobile screening plans and mini-excavators, recently filed a request with the American Stock Exchange to have its securities removed from listing on Amex. Thomas is taking the action in response to Amex’ determination to delist Thomas’ common stock, preferring voluntary withdrawal to provide a more orderly trading transition.
Shares of Thomas’ common stock have been halted from trading because of the company’s inability to file a Form 10-K for the fiscal year ended June 30, 2006, or otherwise provide financial information publicly.
Thomas intends to have its common stock made eligible to trade on the Over-the-Counter Bulletin Board, but a date has yet to be set and is dependent on the company being current with its filings with the Securities and Exchange Commission.
