Community Medical Transport Makes Announcement.WHITE PLAINS, N.Y.--(BUSINESS WIRE)--Nov. 25, 1998--Community Medical Transport, Inc. (Nasdaq: CMTI CMTI Clean Manufacturing Technology Institute CMTI Central Machine Tools Institute (Bangalore, India) ) has adjourned it's Special Meeting of Shareholders called for November 17, 1998 to obtain a quorum A majority of an entire body; e.g., a quorum of a legislative assembly. A quorum is the minimum number of people who must be present to pass a law, make a judgment, or conduct business. of shareholders as required by Delaware General Corporation Law. The Special Meeting has been called, in part, to vote on a plan of recapitalization Recapitalization Restructuring a company's debt and equity mixture often with the aim of making a company's capital structure more stable. Notes: Companies often want to diversify their debt-to-equity ratio to improve liquidity. in an effort to raise the price of the Company's common stock in order to comply with Nasdaq Small Cap Market listing requirements Listing requirements Requirements, including minimum shares outstanding, market value, and income, that are laid down by an exchange for any stock to be listed for trading. and maintain the Company's listing. The Company's meeting has been rescheduled for Wednesday, December 2, 1998 at the same time and place. |
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