Why did the stock SIX change to SIXF.OB? Thank you for the help.

Answer 1

"On October 6, 2008, we were notified by the New York Stock Exchange ("NYSE") that we were not in compliance with the NYSE's continued listing criteria because the thirty-day average closing price of our common stock was less than $1.00, and on October 27, 2008, we were notified by the NYSE that we were not in compliance with the NYSE's continued listing criteria because the thirty-day average market capitalization of our common stock had been less than $75 million and, at the same time, our stockholders' equity had been less than $75 million. Our common stock and PIERS traded on the NYSE under the symbol "SIX" and "SIX-PB," respectively, through April 17, 2009, when they were delisted from the NYSE due to our failure to meet the NYSE's continued quantitative listing criteria. The last trading prices of the common stock and the PIERS on the NYSE were $0.13 and $0.65, respectively, on April 17, 2009. Our common stock and the PIERS have been trading in the over-the-counter market under the symbols "SIXF" and "SIXFP," respectively, as of April 20, 2009. "

(Broken Link Removed)

Answer 2

So basically they had to change symbols because they weren't making enough money to be listed by the NYSE?

Answer 3

Yes. They were kicked off the NYSE and had to sell their stock over the counter. SIX can only be used on the NYSE.

Answer 4

ok thanks :)

Answer 5

You're welcome.