One of those companies whose eyes were bigger than its capabilities is third party maintenance outfit InteLogic Trace Inc, which went for a Big Board listing for its shares but has now been humiliated: the New York Stock Exchange says it will suspended trading in the San Antonio company’s common shares and 11.99% subordinated debentures due 1996 before the market’s opening on December 8, or possibly earlier – it may suspend the company earlier if it begins trading in another securities market or if it learns that the company does not meet the listing requirements of the other securities markets; after suspension, the exchange plans to apply to federal regulators to delist the issue, because the company, which filed a voluntary Chapter 11 bankruptcy petition on August 5, falls below its listing requirements.
