The Houston-based company filed documents to delist its shares as its liquidation plan took effect on 31 December 2015.
The plan lays out a liquidating trust to be led by Gilbert Nathan, a group that intends to make a distribution of about $9 million to remaining bondholders.
"As a result of the plan being effective, all of the company's equity interests, consisting of authorised and outstanding shares of common stock in the company, were cancelled without consideration and have no value," a filing with the US Securities & Exchange Commission read.
BPZ
