O2Diesel Corporation, a producer of a cleaner burning ethanol-diesel blend of fuel announced it will to begin trading on the OTC Bulletin Board under the ticker OTOD.OB after being delisted from the American Stock Exchange (AMEX), where its ticker was OTD.
The company received notification from AMEX earlier this month that it was not in compliance with Section 1003(a)(i) of the AMEX Company Guide in that the Company’s stockholders’ equity is less than $2 million and it has sustained losses from continuing operations and/or net losses in two of its three most recent fiscal years, and with Section 1003(a)(iv), which concerns the delisting of the securities of a company based on the amount of such losses and the impairment of its financial condition.
About O2Diesel
O2Diesel Corporation and its U.S. subsidiary O2Diesel, Inc., develop a cleaner-burning diesel fuel alternative that the company says provides exceptional performance and environmental qualities for centrally fueled fleets and off-road equipment of all kinds. Engineered and designed for universal application, O2Diesel(TM) is an ethanol-diesel blend that the company says substantially reduces harmful emissions without sacrificing power and performance.
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