Delisted?

[puckmoney]

How does a company get delisted from the NYSE? Shares under a dollar for a set amount of time?

If a company gets delisted, what becomes of the shares that belong to investors?

Just curious and I figured you gentlemen were more than qualified to answer...

Thanks in advance if you care to respond...

[Goods]

Delisted companies usually go to pink sheets, which are mostly the penny stocks, under a new symbol. For example, Washington Mutual (WM) became WAMUQ on the pinks. The "Q" at the end shows bankruptcy.
They can still be traded like anything else but a lot of brokers have margin restrictions due to the questionable value.