Archive for the ‘Pending Demotions’ Category

PainCare Holdings, Inc. (AMEX:PRZ) is the provider of pain-focused medical and surgical solutions in the United States and Canada. Although the business plan seems to be very serious, the company violated Securities and Exchange Commission rules by failing to file its required financial reports on time. For this reason, it is to be delisted from Amex and move to the Pink Sheets on or about May 29. At the same time, it will announce a new stock symbol.

Today should be the day when TRM Corporation (TRMM) is to be delisted from the NASDAQ and put on the Pink Sheets. This is due to the company’s incapability to meet the minimum price requirement of the NASDAQ Global Market. The requirements include the share price which has fallen to $0.40.