High Speed Access Corp. has failed in its attempt to keep its common stock
trading on the NASDAQ National Market. Its stock was delisted Wednesday.
HSA was put on notice by the NASDAQ National Market in May.
In the notice, NASDAQ said HSA had not owned or managed any
revenue-generating business since Feb. 28, when it closed the sale of
substantially all of its assets to Charter Communications Inc. for about $81.1
HSA tried to appeal the decision, but to no avail.
The company said it will not appeal the NASDAQ Listing Qualifications Panel,
but it will try to move its securities to the Pink Sheets or the
over-the-counter bulletin board.
There can be no assurance that it will be successful in its attempt, however,
HSA said in a prepared statement.