As anticipated, LSC Communications was kicked off the New York Stock Exchange, which is designed for companies of scale. Trading on the NYSE was suspended at the end of last week, since the company failed to maintain a market cap of at least $15 million for over 30 consecutive trading days. They also failed to maintain a share price of $1 or more. LSC now trades on the OTCQX Best Market, falling another 15 percent in the first forty-five minutes on Monday, down to about 31 cents a share, for a market cap of a little over $10 million. China […]
