Nasdaq Threatens to Delist Koll Group

Bolsa Chica developer Koll Real Estate Group of Newport Beach said that Nasdaq officials are threatening to remove its stock from Nasdaq’s National Market list because losses have driven the firm’s net worth below $4 million. A delisting would make it harder and more expensive for investors to trade KREG’s already battered stock, which fell 6.25 cents to close Thursday at 31.25 cents per share. The threat comes as KREG is trying to complete a deal that would erase a $200-million debt in return for giving the debtholders a 90% equity stake in the company. The restructuring is needed so the company can borrow money to begin residential construction on the bluffs above the environmentally sensitive Bolsa Chica wetlands in Huntington Beach.