Company doesn’t plan an appeal. Trading of common stock will be suspended starting Thursday
Trump Entertainment Resorts, Inc.
(Nasdaq:TRMP) received notification from the NASDAQ Stock Market indicating
that the staff of the NASDAQ Stock Market had determined, in accordance with
NASDAQ Marketplace Rules 4300, 4450(f) and IM-4300, that the company's common
stock will be delisted from the NASDAQ Stock Market in light of, among other
things, the company's announcement that it filed a voluntary petition for
relief under Chapter 11 of Title 11 of the United States Code.
NASDAQ trading in the company's common stock will be
suspended at the opening of business on February 26, 2009 unless the company
requests an appeal of NASDAQ's delisting decision.
In a press statement, the company said it does not intend
to appeal NASDAQ's delisting decision.
The company said it expects that following delisting, its
common stock will not be immediately eligible to trade over the OTC Bulletin
Board or in the "Pink Sheets," however, the common stock may become
eligible for such trading if a market maker makes application to quote the
common stock in accordance with Securities and Exchange Commission Rule
15c2-11, and such application is cleared.
Trump Entertainment notified of NASDAQ delisting
February 24, 2009