Research (J&T BANKA)
Czech markets  |  December 19, 2012 09:16:59

KIT digital ends on Friday on the NASDAQ


This Friday KITD shares will be withdrawn from trading on the NASDAQ. It will continue trading in overseas place on the OTC market and the OTC market in Prague "Start". The company said the decision not to pay the fees associated with trading on the Nasdaq due to the uncertain outlook, and given that the same exchange delistování soon joined quarterly results due to non-disclosure and non-operation of the General Assembly in 2012. From Wednesday trading was suspended last week, with the KITD had to date present a plan to restore compliance with the requirements of the Exchange.The company also announced that it is in the process of finding a new auditor to assess the revised figures for the years 2009 to 2011. From the perspective of small shareholders can exit from the regulated market of the Exchange to carry an even greater lack of transparency in the effort to restructure the company.

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KIT digital končí v pátek na NASDAQu

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