GAINSCO, INC.
(NYSE: GNA) today announced that it has received formal notice from the New
York Stock Exchange ('NYSE') that GAINSCO is 'below criteria' for NYSE
continued listing standards requiring total market capitalization of not less
than $50 million over a 30 trading day period and stockholders' equity of not
less than $50 million.
The NYSE noted that the Company's average market capitalization of its
common stock for the 30 trading days ended February 27, 2002 was $22.0 million
and stockholders' equity at December 31, 2001 was estimated at $27.5 million,
as disclosed in the...
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