On February 13, iLinc, a provider of web conferencing services, filed paperwork with the SEC to end the company's registration under the SEC and will no longer be listed on the American Stock Exchange.
The iLinc Board of Directors concluded that the benefits of being a publically-traded company and having to report financial numbers no longer made sense and that de-registering was in the best interest of the shareholders. (Return on Equity or Shareholder Value was -89.26%!)
iLinc last traded at $0.08 per share.
Recent financial data provided by Yahoo Finance:(See below)
|Cash Flow Statement|
|Operating Cash Flow (ttm):||-2.88M|
|Levered Free Cash Flow (ttm):||-1.36M|