[Federal Register Volume 70, Number 117 (Monday, June 20, 2005)]
[Notices]
[Pages 35465-35466]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: E5-3153]


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SECURITIES AND EXCHANGE COMMISSION

[File No. 1-12072]


Issuer Delisting; Notice of Application of Pioneer Railcorp To 
Withdraw Its Class A Common Stock, $.001 Par Value, From Listing and 
Registration on the Chicago Stock Exchange, Inc.

June 13, 2005.
    On May 18, 2005, Pioneer Railcorp, an Iowa corporation 
(``Issuer''), filed an application with the Securities and Exchange 
Commission (``Commission''), pursuant to Section 12(d) of the 
Securities Exchange Act of 1934 (``Act'') \1\ and Rule 12d2-2(d) 
thereunder,\2\ to withdraw its class A common stock, $.001 par value 
(``Security''), from listing and registration on the Chicago Stock 
Exchange, Inc. (``CHX'' or ``Exchange'').
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    \1\ 15 U.S.C. 78l(d).
    \2\ 17 CFR 240.12d2-2(d).
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    The Board of Directors (``Board'') of the Issuer approved a 
resolution on September 20, 2004 to withdraw the Security from listing 
and registration on CHX. The Issuer stated that the reasons for the 
Board's decision to withdraw the Security from CHX are: (1) The Issuer 
is in the process of attempting to go private and believes it will be 
successful in that endeavor; (2) upon completion of the going private 
transaction, the Issuer will no longer file periodic and other reports 
under the Act as required by the Exchange; and (3) the Security is 
currently quoted on the over-the-counter Pink Sheets and the Board 
believes the Pink Sheets will offer an adequate and efficient market 
for trading the Security. In addition, as a result of low trading 
volume, the Issuer no longer has a market maker for its Security on the 
Exchange and is traded in ``Cabinet.''
    The Issuer stated in its application that it has complied with 
applicable rules of CHX, by providing CHX with the required documents 
governing the removal of securities from listing and registration on 
CHX. The Issuer's application relates solely to the withdrawal of the 
Security from listing on CHX and from registration under Section 12(b) 
of the Act,\3\ and shall not affect its obligation to be registered 
under Section 12(g) of the Act.\4\
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    \3\ 15 U.S.C. 78l(b).
    \4\ 15 U.S.C. 78l(g).
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    Any interested person may, on or before July 6, 2005, comment on 
the facts bearing upon whether the application has been made in 
accordance with the rules of CHX, and what terms, if any, should be 
imposed

[[Page 35466]]

by the Commission for the protection of investors. All comment letters 
may be submitted by either of the following methods:

Electronic Comments

     Use the Commission's Internet comment form (http://www.sec.gov/rules/delist.shtml); or
     Send an e-mail to [email protected]. Please include 
the File Number 1-12072 or;

Paper Comments

     Send paper comments in triplicate to Jonathan G. Katz, 
Secretary, Securities and Exchange Commission, Station Place, 100 F 
Street, NE., Washington, DC 20549-9303.
    All submissions should refer to File Number 1-12072. This file 
number should be included on the subject line if e-mail is used. To 
help us process and review your comments more efficiently, please use 
only one method. The Commission will post all comments on the 
Commission's Internet Web site (http://www.sec.gov/rules/delist.shtml). 
Comments are also available for public inspection and copying in the 
Commission's Public Reference Room. All comments received will be 
posted without change; we do not edit personal identifying information 
from submissions. You should submit only information that you wish to 
make available publicly.
    The Commission, based on the information submitted to it, will 
issue an order granting the application after the date mentioned above, 
unless the Commission determines to order a hearing on the matter.

    For the Commission, by the Division of Market Regulation, 
pursuant to delegated authority.\5\
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    \5\ 17 CFR 200.30-3(a)(1).
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Jonathan G. Katz,
Secretary.
[FR Doc. E5-3153 Filed 6-17-05; 8:45 am]
BILLING CODE 8010-01-P