September 27, 2001 Thursday, Valley Edition
SECTION: BUSINESS; Pg. B2
LENGTH: 423 words
HEADLINE: BRIEFCASE;
NASDAQ PUTS HOLD ON GENESIS TRADES
BYLINE: – From Staff And Wire Reports
BODY:
VAN NUYS – Genesis Intermedia Inc. has had the trading of its shares halted on the Nasdaq until the direct marketing company fully satisfies a request for “additional information” from the stock exchange.
Genesis executives were said to be in closed-door meetings all day Wednesday and did not return calls for comment.
Shares closed at $5.90 on Tuesday when trading was halted, down $2.89, or 32.9 percent. Earlier in the day, Genesis said several news organizations had inaccurately reflected in the company’s stock price a three-for-one stock split that was to have taken effect on Sept. 24. But the company postponed the stock split last week in order to re-evaluate market conditions.
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