OmniSky skips out on Q3 report
Wireless Internet service company OmniSky cannot issue any new shares of its stock because it did not file a third-quarter financial report. OmniSky was supposed to file its report last week but reportedly asked securities officials for more time.
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CEO Patrick McVeigh said in a statement that the company’s outlook has been adversely affected by the continued deterioration in the capital markets since Sept. 11. The company currently is evaluating the potential benefits of a sale, reorganization or other form of restructuring under the federal bankruptcy code.
--Kelly Carroll, staff writer
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© 2012 Penton Media Inc.
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