Thursday, May 15, 2008
MPC Receives AMEX De-Listing Warning
Personal computer manufacturer MPC Corp. announced Wednesday that it has received a de-listing warning from the American Stock Exchange. According to MPC, it is not in compliance with Rule 1003(a)(i) of the AMEX Company Guide, which means that MPC has stockholders' equity of less than $2 million and has sustained losses from continuing operations and net losses in two of its three most recent fiscal years. MPC said it has until June 9 to submit to AMEX a plan of action for returning the company to compliance by Nov. 9. MPC added that it is currently preparing this document. However, if MPC fails to meet the June 9 deadline, or if AMEX rejects the plan, then MPC's stock will be subject to de-listing procedures. Founded in 1991, MPC is headquartered in Nampa, Idaho, a Boise suburb.