CANTON, Mass. (July 2)—Plymouth Rubber Co. Inc. has filed a plan with the American Stock Exchange detailing how the firm will return to compliance with the AMEX's listing requirements by the end of November 2004. Subject to acceptance by the AMEX, the plan may result in an extension period of 18 months for the rubber products maker to regain compliance with the exchange's listing standards, the company said. The AMEX notified Plymouth Rubber May 23 it had failed to maintain at least $2 million in shareholder equity, having incurred losses from continuing operations and/or net losses in two of its three most recent fiscal years.
Plymouth files compliance plan with AMEX