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Statordyne Corp

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BUSINESS
March 25, 1995
Statordyne Corp., an Anaheim manufacturer of electric power generators, said Friday that it consented to the removal of its common stock and warrants from the American Stock Exchange's Emerging Company Marketplace because it could not meet the $1-million shareholder equity requirement for continued listing. Statordyne stock was halted from trading on Feb. 15. The company said it expects that a market for its securities will be established over the counter.
BUSINESS
April 16, 1995
Statordyne Corp., which manufactures electric power generators, said Friday it received orders from three companies, bringing its total backlog of orders to $3.6 million. The company, which refused to identify the three companies, has struggled since it went public at $3 a share two years ago. Its stock price has declined since, closing Thursday at at 25 cents a share in over-the-counter trading.
BUSINESS
March 25, 1995
Statordyne Corp., an Anaheim manufacturer of electric power generators, said Friday that it consented to the removal of its common stock and warrants from the American Stock Exchange's Emerging Company Marketplace because it could not meet the $1-million shareholder equity requirement for continued listing. Statordyne stock was halted from trading on Feb. 15. The company said it expects that a market for its securities will be established over the counter.
BUSINESS
December 6, 1994 | HOPE HAMASHIGE, SPECIAL TO THE TIMES
Statordyne Corp., in an effort to distance itself from Conversion Industries Inc., said Monday it has removed Randall M. Gates and Donald B. Clark from its board of directors. Gates is Conversion's chief financial officer, and Clark is the current chief operating officer and former president of the Pasadena merchant bank that helped Anaheim-based Statordyne with its first public stock offering in 1993.
BUSINESS
October 28, 1994 | DEBORA VRANA, TIMES STAFF WRITER
Statordyne Corp. said Thursday that the American Stock Exchange is reviewing whether to delist the company for not having sufficient capital. The Anaheim-based company, which makes electrical power enhancement systems, reported only $302,000 in capital as of June 30, the end of its fiscal year. Because AMEX requires minimum capital of $1 million to list a company's stock, Statordyne could be dropped by the exchange.
BUSINESS
February 15, 1994
Statordyne Corp., a company that is developing equipment to provide standby electricity to hospitals, computer labs and other critical facilities in event of a power outage, said Monday that it lost $552,011 in its second quarter compared to $140,645 in the same period last year. Because it is a developmental stage enterprise, the Anaheim company said it does not have any operating revenue. The loss amounted to 12 cents a share for the quarter ended Dec.
BUSINESS
October 1, 1994
Statordyne Corp., the Anaheim manufacturer of electrical power enhancement systems, said that it lost $2.1 million, or 46 cents a share, for the fiscal year ended June 30, compared with a year-earlier loss of $698,510, or 21 cents a share. Revenue totaled $405,328. The company did not report any revenue for fiscal 1993. For the fourth quarter, the company posted a loss of $590,697, or 13 cents a share, on revenue of $275,328.
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