Intrenet Stock Trading Halted
Transportation holding company Intrenet Inc. (INET) continues to investigate its finances so that it can resume trading on Nasdaq’s small cap listings.
Intrenet is based in Milford, Ohio. Its stock was last traded Oct. 13 for $1.38 a share. Over the last year, the price has ranged from a high of $3.25 a share down to a low of $1.25, according to Yahoo! Finance.
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The company’s chief financial officer said Nov. 8 he does not know when the investigation by outside counsel will be complete.
The inquiry concerns financial reporting from the 2½-year period of Jan. 1, 1998, through June 30 of this year. Intrenet has five subsidiaries — four trucking companies and a logistics provider — and the investigation centers on reports from Advanced Distribution System of Columbus, Ohio, a flatbed carrier.
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