2008-08-20 — marketwatch.com
On August 13, 2008, Franklin Bank Corp received a letter (the "Nasdaq Letter") from the staff of The NASDAQ Stock Market ("Nasdaq") regarding Franklin's failure to file its Quarterly Report on Form 10-Q for the period ended June 30, 2008 (the "June Form 10-Q") with the Securities and Exchange Commission (the "SEC") as required by Nasdaq Marketplace Rule 4310.
...
Franklin has previously disclosed receipt of similar letters from the Nasdaq staff and AMEX staff, with respect to Franklin's failure to file with the SEC its Annual Report on Form 10-K for the year ended December 31, 2007 and Quarterly Report on Form 10-Q for the period ended March 31, 2008, and that such failures constituted a basis for delisting Franklin's shares of common stock and Preferred Stock from trading on their respective exchanges.
Interestingly, as mentioned in the latest ML premium bulletin, Franklin apparently closed their wholesale lending division (as of August 16th). Seems like things aren't exactly running smoothly over there in Houston.
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