American Stock Exchange moves to delist O2Diesel

O2Diesel Corporation has received notice that the American Stock Exchange (AMEX) determined that the Company has failed to make progress consistent with its previously approved plan of compliance. AMEX intends to proceed with an application to the Securities and Exchange Commission to remove the common stock of O2Diesel from listing and registration on AMEX.

O2Diesel appealed the AMEX determination on February 12, 2008. If the company’s common stock was to be de-listed by AMEX, the company believes its shares would continue to be traded as a bulletin board stock. The press release has more details.

Source: O2Diesel

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