No trade was triggered based on yesterday's analysis. NASDAQ notified LEND early this morning that it will be delisted as per the following excerpt from Briefing.comAccredited Home Lenders receives notice of delisting; in discussions regarding a possible financing arrangement with a third party (10.90 ) : Co announces that it has received notice from the Nasdaq staff that the co's common stock is subject to delisting from The Nasdaq Stock Market. The appeal will stay the delisting of the co's stock from The Nasdaq Stock Market pending the Panel's decision. In the meantime, the Company is working to file its Form 10-K as soon as possible. In addition, the co announced that a class action lawsuit was filed against it and certain of its officers and directors. The lawsuit generally alleges that, between November 1, 2005 and March 12, 2007, LEND issued materially false and misleading statements regarding the co's business and financial results causing the co's stock to trade at artificially inflated prices. The company believes that the lawsuit has no merit and intends to defend the case vigorously. As announced previously, the co continues to explore various strategic options, including raising additional capital to enhance liquidity and provide the co with the flexibility to retain or sell originated loans based on an assessment of the best overall return. Accredited is currently in discussions regarding a possible financing arrangement with a third party that would provide additional liquidity. The co has retained a financial advisor in this endeavor.
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