And Milpitas, California-based peripherals integrator System Industries Inc is in a similar state: it has asked the American Stock Exchange temporarily to halt trading in its stock due to ongoing negotiations with its creditors; it expects to release further news within 24 hours and continues to negotiate with the creditor which it currently owes about $5.7m secured by the company’s European assets and North American fixed assets and field spares inventory; as of July 28, the company was delinquent in its principal and interest payments with respect to the term loan and as a result of prior losses and negative net worth, Systems Industries does not fully meet all the guidelines for continued listing on the American Exchange – and there are no assurances that the listing will continue, the company warned.
