The NASDAQ Stock Market notified Wireless Ronin Technologies, Inc. (NASDAQ: RNIN) yesterday that trading in the Company’s securities will be suspended on NASDAQ effective with the open of trading on May 31, 2013.
The NASDAQ delisting, which was surely only a matter of time, is based on ‘Insufficient Shareholders’ Equity’.
Ronin however are not giving up on the joys of being publicly traded.
On May 31st Ronin’s common stock will trade on the OTCQB – an electronic trading platform of the OTC Markets Group (the trading symbol will remain RNIN).
This move to the OTCQB does not alter Ronin’s SEC reporting obligations under applicable securities laws and Ronin will continue to file its Quarterly Reports on Form 10-Q, Annual Reports on Form 10-K and Current Reports on Form 8-K – all of which should mean that they continue to be in the public eye of course.
Bottom line is that they likely move to #1 in our list, ‘The Dead Pool’