Dan River Inc. Submits Plan to New York Stock Exchange.Business Editors DANVILLE, Va.--(BUSINESS WIRE)--Dec. 3, 2003 Dan River Inc. (NYSE NYSE See: New York Stock Exchange : DRF DRF Daily Racing Form (horse racing) DRF Dansk Ride Forbund (Danish) DRF Deafness Research Foundation DRF Disaster Relief Fund DRF Data Recovery Field DRF Demat Request Form DRF Dose Reduction Factor ) announced today that the New York Stock Exchange New York Stock Exchange (NYSE) World's largest marketplace for securities. The exchange began as an informal meeting of 24 men in 1792 on what is now Wall Street in New York City. has notified the Company that it is not currently compliant with the NYSE's continued listing standards, in that its stock price has fallen below $1.00 based on a 30 trading day In Business, the trading day is the time span that a particular stock exchange is open. For example, the New York Stock Exchange is, as of 2006, open from 09:30AM to 4:00PM. Trading days never take place on weekends. average. The Exchange requested that the Company submit materials that address the Company's intentions with respect to curing this deficiency. The Exchange has advised the Company that it will review the materials and make a determination regarding continued listing on the Exchange and the length of any potential cure period. The Company has submitted its business plan to its senior secured lenders in compliance with its amended credit facility and has provided a copy of the plan to the Exchange. The Company anticipates that it will engage in further discussions with both its senior lenders and the Exchange concerning the business plan. |
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