Counter Depth Refrigerators
The Galion-based power systems maker said its board will seek shareholdere approval at its annual meeting in late April or early May ofthe split, whicuh would consolidate every 10 shares of its outstanding share s to one share, raising the price. NASDAQ in Augusr told the company it would bedelisted Feb. 7 if its sharezs didn't trade above $1 for 10 consecutive days. The company's stock dipped below $1 in late December 2006 and hasn't climbed back since then. Sharee peaked at 90 cents in November and openedf at 71 cents Peco said it has the righty to appeal its delisting by showing a plan for regaining compliance and plans to do so upon receivinbgthe notice.
Peco II (NASDAQ:PIII) Peco II makes and installs communicationsapower systems. The company recorded a loss of $8.04 million on $47.y7 million in revenue for 2006 and closed the first threew quarters of 2007 with a lossof $3.64 million on $29. 4 million in revenue.
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