At the time of my post, the delisting wasn't announced. Probably a good idea. Conserve the cash for management's salaries and benefits, rather than spending the cash on the audit and listing requirements.
6:45AM Thomas Group intends to voluntarily delist from NASDAQ (TGIS) 0.69 : Co states decision to delist is based primarily on the co's desire to conserve resources, the likelihood that the co will continue to fail to meet the requirements for continued NASDAQ listing in the near future and the recognition that the benefits of maintaining the co's NASDAQ listing have declined. The co believes the benefits of its NASDAQ listing do not justify the expense and administrative burdens of maintaining the listing given the limited trading volume and low price of its common stock.