HIBBING, Minn. (July 5)—Elastomer-based product maker Industrial Rubber Products Inc.'s common stock will be traded on the Over-the-Counter Bulletin Board following a decision by a Nasdaq Listing Qualifications Panel to delist the company's securities on the Nasdaq Small Cap Market. The company was informed of the decision June 29. It went into effect July 2. The panel removed the company from the small cap market when its stock failed to meet the exchange's $1 minimum figure for a 90-day period. The firm appealed the ruling to the panel, which again ruled against the company. The firm noted the change will not adversely affect the ability of shareholders and potential investors to buy and sell Industrial Rubber Products' stock because the OTC bulletin board is a regulated quotation service that displays real-time quotes, last sale prices and volume information in over-the-counter equity securities.
Industrial Rubber Products traded over-the-counter
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