Seems odd to me. What can they gain by this?
It would greatly simplify the process of taking the company private.
They can print more shares and gain more cash from dilution in OTC world
They can print but who would buy/invest. It's obvious that company is going down the drain.
To save face. They don't have to report as much.
I'm not sure why nobody has answered this correctly and politely. There has been an anti-SOX movement transpiring for years now, it's called "going dark".Here are a few places to get you on the path for some proper information.http://www.foley.com/files/tbl_s31Publications/FileUpload137/2691/NDI_GoingPrivate_FINAL.pdfhttp://www.utahbar.org/barjournal/2007/04/going_dark_an_alternative_to_s.html