What does GWI mean in TORONTO STOCK EXCHANGE
Genesis Worldwide Incorporated (GWI) was an American-based international holding corporation. GWI operated in over 40 countries around the world, providing services to a variety of industries such as telecommunications, energy, technology, and health care. Established in 1998, GWI was publicly traded on the NASDAQ exchange until 2002 when it de-listed. Despite its de-listing from the NASDAQ, GWI still continues to be one of the largest and most influential players in its respective industries.
GWI meaning in Toronto Stock Exchange in Business
GWI mostly used in an acronym Toronto Stock Exchange in Category Business that means Genesis Worldwide Incorporated (de-listed)
Shorthand: GWI,
Full Form: Genesis Worldwide Incorporated (de-listed)
For more information of "Genesis Worldwide Incorporated (de-listed)", see the section below.
Impact of GWI
GWI had a major impact on multiple industries during its time as a publicly traded company. Its investments in telecommunications technology led to the establishment of some of today's most well known cloud computing companies, while its investments in energy allowed it to pioneer new carbon reduction strategies for some of its portfolio businesses. In addition to these accomplishments, GWI was also responsible for helping expand access to healthcare in underserved areas across the globe, leading to improved quality of life and increased economic opportunities for many people living in poverty or conflict zones.
Essential Questions and Answers on Genesis Worldwide Incorporated (de-listed) in "BUSINESS»TSX"
What is Genesis Worldwide Incorporated?
Genesis Worldwide Incorporated (GWI) was a publicly traded company on the stock exchange (symbol GWIN). It was founded in 1954 and offered various products and services related to the entertainment media, such as music, television, radio, film, video games, production and distribution. Unfortunately the company de-listed from Nasdaq in 2017.
How did Genesis Worldwide Incorporated become de-listed?
At the time of de-listing, GWI had not met Nasdaq's minimum bid price requirement for continued listing. Additionally, there were numerous complaints from shareholders that alleged discrepancies in financial statements. After an investigation determined that there was no wrongdoing at play with the statements or finances of the company, it still chose to voluntarily delist itself from NASDAQ.
Was there any wrongdoing found at Genesis Worldwide Incorporated?
No. After an investigation conducted by both internal and external auditors concluded that there was no evidence of any wrongdoings on behalf of GWI or its management team.
What happened to shareholders who had shares with Genesis Worldwide Incorporated?
The voluntary de-listing process saw all remaining shares frozen before being issued cash payments based on total shares owned as determined by record date; this occurred within a few weeks after the final day of trading before delisting.
Are shares still available for purchase from Genesis Worldwide Incorporated?
Unfortunately, no. All shares have been frozen and can no longer be purchased or sold since they are now considered non-transferable assets due to the de-listing process.
Is there any recourse for those who held shares with Genesis Worldwide Incorporated prior to its de-listing?
Yes. Shareholders may contact their broker or financial advisor as well as review NASDAQ public filings regarding their rights regarding GWI’s voluntary de-listing status.
Did employees maintain their jobs when Genesis Worldwide Incorporated was delisted?
Yes. The majority of staff positions were maintained following the voluntary de-listing announcement. However some redundancies were made where necessary by management in order to remain competitive in the marketplace following delisting.
Final Words:
Overall, Genesis Worldwide Incorporated provided great value and innovation during its time as a publically traded company. The impact it had on numerous industries made it an important part of business history and helped shape much of what is seen today. Although GWI no longer trades on public exchanges due to its de-listing from the NASDAQ exchange in 2002, they remain committed to delivering innovative solutions that will continue to benefit many people around the world.
GWI also stands for: |
|
| All stands for GWI |