Daxor Corporation Issues Clarification About 8K Filing for 2nd Quarter 10Q 2005.NEW YORK New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of -- There has been confusion about whether the Daxor Corporation might be at risk of being delisted from the AMEX AMEX See: American Stock Exchange . The Daxor Corporation is not at any risk of being delisted from the AMEX. The Daxor Corporation has been delayed approximately one week in filing its second quarter 10Q 2005 statement. The Corporation changed auditors in February, 2005. In reviewing accounting practices, a subsidiary which used a cash method for accounting was advised to change to the accrual accrual, n continually recurring short-term liabilities. Examples are accrued wages, taxes, and interest. method, which is used for all other transactions at Daxor. This has necessitated a review of previous revenues and earnings statements. Because of this, the 10Q filing has been delayed approximately one week. No significant changes in revenues, income, or assets are expected. This type of delay does not result in a threat for 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. . The Company, at no time in its history, has ever been exposed to the possibility of being delisted. |
|
||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion