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Stock Market & Financial Investment News

News Breaks
December 27, 2012
06:32 EDTPSTRPostRock Energy makes final litigation payment
PostRock Energy announced that it had made the final Kansas royalty settlement payment of $4.5M. The cost of the settlement had been fully reserved at December 31, 2011 and is being funded with borrowings on the Company's new revolving credit facility. PostRock expects to have approximately $58M utilized on its credit facility at December 31.
News For PSTR From The Last 14 Days
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September 1, 2015
09:10 EDTPSTRPostRock Energy appoints Clark Edwards as interim president and CEO
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August 31, 2015
17:03 EDTPSTRPostRock Energy announces Nasdaq notice of delisting
PostRock Energy announced that on August 25, the company received a notice from The Nasdaq Stock Market that, for the last 30 consecutive business days, PostRock's market value of publicly held shares was below $5M and that PostRock therefore is not in compliance with the market value of publicly held shares pertaining to the requirement set forth in NASDAQ Listing Rule 5450(b)(1)(C). The Nasdaq Listing Rules define "publicly held shares" as total shares outstanding, less any shares held directly or indirectly by officers, directors or a beneficial owner of more than 10% of the total outstanding shares. Furthermore, on August 28, PostRock received another notice from Nasdaq stating that the staff of the Nasdaq has determined that PostRock's securities will be delisted from NASDAQ. The letter states that the delisting notice was issued as a result of PostRock's announcement in its press release dated August 19 that it will not be seeking to file a compliance plan with respect to its failure to satisfy Nasdaq's Listing Rule 5450(b)(1)(a), in addition to PostRock's confirmation on August 27 that it did not intend to voluntarily withdraw its Nasdaq listing. PostRock does not intend to request an appeal of this determination. As a result, trading of PostRock's common stock will be suspended at the opening of business on September 9 and a Form 25-NSE will be filed with the SEC, which will remove PostRock's securities from listing and registration on The Nasdaq Global Market. After trading is suspended on the Nasdaq, PostRock's securities will be immediately eligible for trading on the OTC Bulletin Board or the OTC Pink Marketplace, but only if a market maker applies successfully to quote the securities. There can be no assurance that any market maker will decide to quote PostRock's securities following suspension of trading. As a result, there is no assurance that PostRock's securities will be eligible to trade on the OTCBB or the Pink Sheets.

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