Finlay to Trade on OTCBB, Delist from Nasdaq
Faced with a falling stock price Finlay Enterprises Inc. is in the process of transferring the quotation of its shares to the OTC Bulletin Board (OTCBB.) Shares in Finlay closed today 2.2 percent lower at 44-cents. One year ago FNLY traded at $5.35. Shares in the company slipped below the dollar mark on February 25 and bottomed-out at 34-cents on April 14. Finlay was advised that a "market maker" has filed the necessary application with the Financial Industry Regulatory Authority to make a market in the company's common stock on the OTCBB...
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