Pioneer Railcorp to delist stock

[Anonymous]

Pioneer Railcorp announced December 22, 2004 that it will delist its stock from the Chicago Stock Exchange and NASDAQ. This will result iin Pioneer becoming a privately traded company. Reasons given in a company press release were thin trading volumes and costs of remaining listed.

www.pioneer-railcorp.com

LC

[ericsp]

I wonder what this will do to their financial position. I guess they figured it will help.

It looks like they have already removed their "Investor Information" page.

http://www.sec.gov/cgi-bin/browse-edgar?company=Pioneer+Railcorp&CIK=&filenum=&State=&SIC=&owner=include&action=getcompany

[Anonymous]

They sure run a lot of railways.

Perhaps they're better off being a private company.

There's not much point in being listed if nobody is trading their shares.

[mudchicken]

If you knew what certain Pioneer upper management did to make money, you would not invest in it either - in spite of some of the efforts of the individual railroads staff that pay the bills.

[Anonymous]

QUOTE: Originally posted by mudchicken

If you knew what certain Pioneer upper management did to make money, you would not invest in it either - in spite of some of the efforts of the individual railroads staff that pay the bills.

MC-

Are you referring to the ownership and operation of certain non-railroad related "clubs"?

LC

[mudchicken]

LC

That's one of the at least three issues. (stockholders and regulators frown on that kind of stuff)

MC

[Anonymous]

True, but from a strictly financial perspective I'm sure they bring in more than some of the railroads...lol...

Hey, HOOTERS has an airline. Guy Brenkman has...well..."clubs" and Trains...

Probably the fact that with Sarbanes-Oxley and all the other regulation and enforcement out there it is getting ridiculously hard to run a small public company anymore has a great deal to do with Pioneer going private. Also, they can cut some fairly significant costs without the public markets...

LC