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Transnational Delisted from AMEX.
San Francisco -- Transnational Financial Network, a wholesale and retail mortgage banker operating principally in the Southwest and California, has notified the American Stock Exchange that it intends to voluntarily delist its common stock from the exchange.
But CEO Joseph Kristul insists in a news release that the company can become profitable once the woes currently being suffered in the mortgage space come to an end.
"We continue to believe that once the country's mortgage industry stabilizes, we will have a unique opportunity to expand our market share with attractive margins," he said.
He noted that some former buyers of Transnational's mortgage loans are no longer buying any loans and others have repeatedly modified ...
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Source: HighBeam Research, Transnational Delisted from AMEX.