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The company will continue to trade on the Pink Sheets and OTC Bulletin Board. Its stock has traded over $7 a share in the past year, and has been as high as $39.
The company's NYSE ticker symbol "AVR" will be discontinued and a new OTC ticker symbol will be issued. Information on the Pink Sheets can be accessed via Pink Sheets' website at www.pinksheets.com and on the OTCBB via the OTCBB's website at www.otcbb.com. Although the company's common shares will be changing markets, the transition to the OTC market will have no effect on the shares themselves or the company's filing obligations with the U.S. Securities and Exchange Commission.
Aventine is a producer and marketer of ethanol to many leading energy companies in the United States. In addition to ethanol, Aventine also produces distillers grains, corn gluten meal, corn gluten feed, corn germ and brewers' yeast.
Unfortunately for the company, ethanol energy has not proved to be the boon many thought it would be, putting Aventine in the position of looking at the possibility of bankruptcy if it cannot raise enough money to make interest payments due April 1 and other payments, all told, totaling over $39 million.
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Free annual reports for companies mentioned in the news are accessible via http://investrend.ar.wilink.com/?level=279 .
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