Last $0.10 USD
Change Today -0.01 / -9.09%
Volume 1.5K
AQQS On Other Exchanges
Symbol
Exchange
OTC US
As of 5:20 PM 03/5/15 All times are local (Market data is delayed by at least 15 minutes).

american spectrum realty inc (AQQS) Snapshot

Open
$0.10
Previous Close
$0.11
Day High
$0.10
Day Low
$0.10
52 Week High
03/20/14 - $1.95
52 Week Low
03/5/15 - $0.10
Market Cap
370.3K
Average Volume 10 Days
2.6K
EPS TTM
$-3.79
Shares Outstanding
3.7M
EX-Date
03/25/03
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for AMERICAN SPECTRUM REALTY INC (AQQS)

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american spectrum realty inc (AQQS) Details

American Spectrum Realty, Inc., through its subsidiaries, engages in the ownership, management, and operation of income-producing properties in the United States. As of December 31, 2008, it owned and operated 29 properties, which consisted of 23 office buildings, 5 industrial properties, and 1 retail property. The company was founded in 2000 and is based in Houston, Texas.

Founded in 2000

american spectrum realty inc (AQQS) Top Compensated Officers

Chairman, Chief Executive Officer, President ...
Total Annual Compensation: $587.2K
President of American Spectrum Risk and Insur...
Total Annual Compensation: $252.3K
President of American Spectrum Realty Managem...
Total Annual Compensation: $150.1K
Compensation as of Fiscal Year 2013.

american spectrum realty inc (AQQS) Key Developments

American Spectrum Realty Receives Delisting Notice From NYSE MKT

American Spectrum Realty, Inc. announced that it has received a letter indicating that the staff of NYSE Regulation, Inc. has determined to commence proceedings to delist the Company’s common stock from the NYSE MKT LLC. Trading in the Company’s common stock has been halted on a continuous basis since NYSE Regulation initiated a trading halt on April 15, 2014. Trading in the Company’s common stock was immediately suspended intra-day on February 19, 2015. As determined by NYSE Regulation, the suspension is the result of: the Company’s inability to complete its outstanding SEC filings, per Sections 134 and 1101 of the NYSE MKT Company Guide; the financial condition of the Company, which is so impaired that it appears questionable, in the opinion of the NYSE MKT, as to whether the Company will be able to continue operations and/or meet its obligations as they mature, per Section 1003(a)(iv) of the Company Guide; and the Company’s failure to timely disclose corporate events per Section 1003(d) of the Company Guide. As previously disclosed on November 14, 2014 and January 8, 2015, the Company had submitted plans to the NYSE MKT outlining steps to regain compliance with the requirements of the Company Guide and the NYSE MKT had granted the Company a period through February 19, 2016 for the Company to regain compliance as outlined in its plans of compliance, so long as the Company made progress consistent with such plans. However, due to the financial condition of the Company, the Company was unable to make progress consistent with such plans, and accordingly, the Board has determined it to be in the best interest of the Company and its shareholders to not appeal NYSE Regulation’s delisting determination. Currently, the Company’s shares of common stock are quoted on the Pink Sheets, LLCunder the symbol “AQQS”.

NYSE MKT to Suspend Trading Immediately in American Spectrum Realty and Commence Delisting Proceedings

NYSE MKT LLC announced that the staff of NYSE Regulation, Inc. has determined to commence proceedings to delist the common stock of American Spectrum Realty, Inc. from NYSE MKT. Trading in the Company's common stock on NYSE MKT will be suspended immediately. Trading in the common stock on NYSE MKT has been halted on a continuous basis since NYSE Regulation initiated a trading halt on April 15, 2014. The Exchange has now determined to commence delisting proceedings as a result of: the Company’s inability to complete its outstanding Securities and Exchange Commission (the “SEC”) filings, as required under Sections 134 and 1101 of the NYSE MKT Company Guide (the “Guide”), within the requisite timeframes prescribed under Section 1009; the financial condition of the Company, which is so impaired that it appears questionable, in the opinion of the Exchange, as to whether the Company will be able to continue operations and/or meet its obligations as they mature, pursuant to Section 1003(a)(iv) of the Guide; and the Company’s failure to comply with Section 1003(d) of the Guide, which requires timely disclosure of important corporate developments. The Company has a right to a review of this determination by the NYSE MKT Listings Qualification Panel. Application to the SEC to delist the common stock is pending the completion of applicable procedures, including any appeal by the Company of the NYSE Regulation staff's decision.

American Spectrum Realty, Inc. Receives Non-Compliance Notice From NYSE MKT

American Spectrum Realty, Inc. announced that on January 2, 2015 it received notification from the New York Stock Exchange regarding the company’s ongoing non-compliance with NYSE MKT LLC continued listing standards. Specifically, the company is not in compliance with NYSE MKT Company Guide Sections 134, 1003(a)(i), 1003(a)(ii), 1003(a)(iii), and 1101. The company’s non-compliance is a result of its failure to timely file with the Securities and Exchange Commission its Form 10-Q Quarterly Reports for the periods ended March 31, 2014, June 30, 2014 and September 30, 2014, and because its stockholders’ equity before non-controlling interest, as reported in its Annual Report on Form 10-K, remains below compliance as of the year ended December 31, 2013. Also within the notification, the Exchange accepted the company’s December 12, 2014 plan of compliance that outlined the company’s initiatives to cure its delinquent filing status pertaining to its Form 10-Q quarterly reports for the periods ended March 31, 2014, June 30, 2014 and September 30, 2014. The company’s plan proposed targeted filing dates of January 23, 2015, February 13, 2015 and March 6, 2015, respectively. With respect to the company’s deficiency in stockholders’ equity before non-controlling interest, on September 18, 2014, the company submitted to the Exchange a compliance plan, in part to remedy such deficiency. On November 10, 2014, the Exchange accepted the company’s September 18, 2014 plan and granted an extension to fix its deficiency in stockholders’ equity before non-controlling interest by February 19, 2016. The Exchange stipulated that the company provide them with updates in conjunction with its September 18, 2014 plan and December 12, 2014 plan initiative milestones. Additionally, the Exchange stated that they would review the company periodically for compliance with the initiatives outlined in its Plans, and if the company does not adhere to its Plans or does not make progress consistent with its Plans, the Exchange will initiate delisting proceedings as appropriate. Although there can be no assurances, the company expects to regain full compliance with the continued listing standards by February 19, 2016.

 

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