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NEW YORK (AFX) - Escala Group Inc., auctioneer of stamps and other collectibles, said Monday it could be delisted from the Nasdaq stock market because it hasn't yet filed its annual 10-K report for the fiscal year ended June 30.
Escala said its shares would stay listed on the Nasdaq pending a hearing it requested with the exchange's listing qualifications panel, but couldn't assure the Nasdaq could grant its request.
The company said Thursday it would delay filing its 10-K as it continued an investigation of dealings with majority shareholder Afinsa Bienes Tangibles SA, which was implicated in a widespread stamp investment scheme in May.
Shares of Escala lost 6 cents to close at $5.50 on the Nasdaq. Copyright 2006 Associated Press. All rights reserved. This material may not be
Copyright 2006 AFX News Limited. All Rights Reserved.
