Tuesday, Aug. 23, 2005 | 10:32 a.m.
Las Vegas-based American Vantage Cos. has had its stock delisted from the Nasdaq market, a statement released Monday afternoon said.
American Vantage, which once operated a professional wrestling-themed restaurant at the Excalibur and filed a lawsuit against the Table Mountain Rancheria Band of Indians over a canceled casino consulting contract, had indicated in its recent quarterly report that delisting was possible.
The company had been notified by Nasdaq officials that it failed to meet trading requirements because it had been deemed a "public shell," lacking a sustainable ongoing business. American Vantage officials said that concern had been addressed by pointing out, among other activities, its 49 percent interest in the Border Grill restaurant in Las Vegas.
American Vantage stock is expected to trade on the pink sheet market and could move to the Over-the-Counter Bulletin Board, the statement said.
Company officials could not be reached for comment.
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