ALC resumes trading but Regent is delisted.Assisted Living as·sist·ed living n. A living arrangement in which people with special needs, especially older people with disabilities, reside in a facility that provides help with everyday tasks such as bathing, dressing, and taking medication. Concepts Inc. has filed to restate its results for 1996, 1997, and the first three quarters of 1998, and expects its stock to resume trading on October 4. The Portland, Oregon-based company's stock was halted on April 15 due to delays in filing its annual report. ALC (Assembly Language Coding) A generic term for IBM mainframe assembly languages. 1. ALC - Assembly Language Compiler. 2. ALC - Airline Line Control. said it had also filed with the U.S. Securities and Exchange Commission its financial statements for 1998 and the first two quarters of 1999. The company said the restatements resulted from modification in how it accounted for certain acquisitions and joint venture arrangements, and an increase in the amount of goodwill it wrote off relating to relating to relate prep → concernant relating to relate prep → bezüglich +gen, mit Bezug auf +acc the shutdown of its home health operations. Meanwhile, another Portland-based provider, Regent Assisted Living Inc., was unsuccessful in stopping Nasdaq from delisting Delisting When the stock of a company is removed from a stock exchange. Notes: Reasons for delisting include violating regulations and/or failure to meet financial specifications set out by the stock exchange. its stock, which will soon trade over the counter. Nasdaq announced its intention to delist the company because its net tangible assets Net Tangible Assets Calculated as the total assets of a company, minus any intangible assets such as goodwill, patents and trademarks, less all liabilities and the par value of preferred stock. Also known as "net asset value" or "book value". fell below $4 million. Regent, which attributes the result to substantial book losses related to the initial lease-up deficits of its newly developed communities, appealed the decision. Regent argued, to no avail, that the losses were partially offset by gains generated from sale/leaseback transactions, but that such gains are not recognized for accounting purposes. It also noted that it has achieved a 430 percent growth in operating capacity since its IPO (Initial Public Offering) The first time a company offers shares of stock to the public. While not a computer term per se, many founders, employees and insiders of computer companies have found this acronym more exciting than any tech term they ever heard. ; that it has successfully financed its growth, including the lease-up deficits; and that its overall occupancy is approaching 80 percent. |
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