Yesterday the high end furniture store (with the misleadingly plebeian name) Design Within Reach filed with the SEC to delist its stock from NASDAQ. According to the store's blog, this was a smart way for management to cut spending (by eliminating administrative costs related to the listing) without firing staff or jeopardizing product quality, especially considering the handful of existing shareholders didn't trade their stock. According to others, this is a first step toward the company going private.
And let's not forget the little NASDAQ requirement that a listed company's shares must trade above $1, which wasn't happening for much of 2009. Design within reach, indeed!
More from the DWR CEO: http://blog.dwr.com/designnotes/2009/07/from-the-ceo-to-list-or-not-to-list.html#more