As you may recall from my January 10th communication to you regarding our refinancing efforts, our Board of Directors has decided to pursue a potential sale of the business. We are now actively engaged in the process and making excellent progress, and I anticipate it will continue for several more weeks.
During this timeframe, it is important that we operate the business with the certainty of providing our customers with the very best products and services while aggressively managing our costs. We are fortunate to have such an outstanding global team, so I am confident that we will be successful and come through this period a stronger company.
Our management team and Board of Directors are committed to making decisions that are best for all our stakeholders. I want to re-emphasize that I expect our production, wages and salaries, and benefits to continue in a normal fashion. Our goal has been to strengthen GSE’s finances and position it for the future. This goal has not changed, and we are much closer to achieving it now than we were in just a few weeks ago.
Also, you may have seen the announced delisting of our stock from the New York Stock Exchange. This had been expected as we did not meet certain required metrics. We may have an opportunity to relist at some future date if we choose. As of March 5th, our stock began trading on the OTCQB Marketplace under the ticker symbol GSEH.
I will do my best to keep you informed of our progress. In the meantime, I am available to answer any questions you may have.
Thank you for your continued commitment and hard work. I am very proud of all of you and appreciate being part of our GSE team.
Chuck Sorrentino
President and CEO
GSE Environmental
As you may recall from my January 10th communication to you regarding our refinancing efforts, our Board of Directors has decided to pursue a potential sale of the business. We are now actively engaged in the process and making excellent progress, and I anticipate it will continue for several more weeks.
During this timeframe, it is important that we operate the business with the certainty of providing our customers with the very best products and services while aggressively managing our costs. We are fortunate to have such an outstanding global team, so I am confident that we will be successful and come through this period a stronger company.
Our management team and Board of Directors are committed to making decisions that are best for all our stakeholders. I want to re-emphasize that I expect our production, wages and salaries, and benefits to continue in a normal fashion. Our goal has been to strengthen GSE’s finances and position it for the future. This goal has not changed, and we are much closer to achieving it now than we were in just a few weeks ago.
Also, you may have seen the announced delisting of our stock from the New York Stock Exchange. This had been expected as we did not meet certain required metrics. We may have an opportunity to relist at some future date if we choose. As of March 5th, our stock began trading on the OTCQB Marketplace under the ticker symbol GSEH.
I will do my best to keep you informed of our progress. In the meantime, I am available to answer any questions you may have.
Thank you for your continued commitment and hard work. I am very proud of all of you and appreciate being part of our GSE team.
Chuck Sorrentino
President and CEO
GSE Environmental
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