Desties

posted by Desties on Feb 24

It wasn’t the way that the club drew things up, but shares of Ultimate Escapes were delisted after the country’s second largest destination club was unsuccessful in completing its secondary offering.

The club marches on, including a new ticker symbol — ULEI — on the OTC Bulletin Board.

Delisting obviously isn’t fatal, and it certainly isn’t permanent. However, the club will have to rethink its plans now that it no longer can count on the money it was expecting to raise during the offering.

2010 was supposed to be a turnaround year for the industry, but it still seems to be feeling its way along the bottom.

Tags: ultimate escapes