delist

Then, late Monday in New York, the NYSE announced it won’t be delisting the companies after all.

Legislators introduced multiple bills in 2020 calling for the Securities and Exchange Commission to delist foreign companies that fail to disclose proper auditing documents.

The company has no known industry credentials and has been delisted from the Virginia corporate database on two occasions, likely for failure to pay company registration fees on time.

Companies that fear that they cannot meet those requirements can avoid delisting by explaining publically why they were unable to fulfill those goals.

Companies that fail to meet the requirements risk being delisted unless “they provide a public explanation of their reasons for not meeting the objectives,” the statement says.

Overall, the study team thinks the bears are doing peachy and voted unanimously to delist them.

Why the government is so vehemently eager to delist the grizzly remains a troublesome question.