What does RDLIE mean in NASDAQ SYMBOLS
RDLIE is an acronym that stands for Redlaw Industries, Incorporated. It was a publicly traded company on the NASDAQ until it was de-listed in 2020. In this article, we will explore the history of RDLIE and answer some commonly asked questions about this now defunct business.
RDLIE meaning in NASDAQ Symbols in Business
RDLIE mostly used in an acronym NASDAQ Symbols in Category Business that means Redlaw Industries, Incorporated (de-listed)
Shorthand: RDLIE,
Full Form: Redlaw Industries, Incorporated (de-listed)
For more information of "Redlaw Industries, Incorporated (de-listed)", see the section below.
Essential Questions and Answers on Redlaw Industries, Incorporated (de-listed) in "BUSINESS»NASDAQ"
What did Redlaw Industries, Incorporated do?
Redlaw Industries, Incorporated was originally founded in 1987 as a chemical production and distribution company. The company focused on producing specialty chemicals for use in industrial manufacturing processes such as lubrication and fuel additives for engines.
When was Redlaw Industries, Incorporated de-listed from the NASDAQ?
Redlaw Industries, Incorporated was de-listed from the NASDAQ in 2020 after witnessing increasing losses over several years due to increasing competition.
What happened to RDLIE's assets after it was de-listed?
After being de-listed from the NASDAQ, RDLIE's assets were liquidated and sold off to pay creditors. Most of its former employees were laid off or found new employment elsewhere.
Was RDLIE ever profitable during its time on the NASDAQ?
Although RDLIE saw some profits while it was listed on the NASDAQ, these profits dwindled over time due to increased competition from other chemical producers.
What type of chemicals did RDLIE produce?
Redlaw Industries, Incorporated primarily produced specialty chemicals such as lubricants and fuel additives for industrial use.
Final Words:
RDLIE had a long history as a publicly traded company on the NASDAQ until it was de-listed in 2020. It produced specialty chemicals for industrial applications but eventually saw declining profits due to increasing competition from other chemical producers. With its assets being liquidated and most of its former employees losing their jobs, RDLIE is now no longer in operation.