CHEYENNE – Great Lakes Aviation Ltd. – the parent company of Great Lakes Airlines - says it will deregister its common stock.
The company decided to voluntarily withdraw the stock from the OTC Pink Market effective after June 21.
The company expects the stock will continue to be traded on this market, so long as there is an interest. But it couldn’t guarantee it, according to a document filed with the Securities and Exchange Commission.
An online aviation publication reported that after June 21, trading of the stock will be done only through privately-negotiated sales.
Great Lakes decided to deregister because of the stock’s low trading volume, the high cost of preparing and filing reports with the SEC and other expenses of being a public company according to documents.
The stock decision will not affect daily business operations said Chuck Howell, the president and chief operating officer of Great Lakes Airlines.
When asked if the airline will continue to operate, he responded “Yes, definitely” in an email.
To find out more about the stock decision, read the full article in Friday’s Wyoming Tribune Eagle or online at WyomingNews.com
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