Get your tiny violins out: Troubled FalconStor has flown the Nasdaq coop

Delisted storage firm now trading stock on OTCQB

Picture: Mirimax Films

Struggling storage software company Falconstor has been delisted from the Nasdaq Stock Market and its shares are now trading on the OTC Market Group's OTCQB marketplace.

A company release said nothing more than these two things. We know that a recent CEO, Todd Oseth, was replaced just six weeks after being hired. He went in mid-August.

The new CEO is Todd Brookes from Razorhorse Capital and he brought in a new CFO, Patrick McClaim, with him. We're reminded that Violin Memory exited the NYSE for the OTCQCX market on its way towards bankruptcy, and expect there are a lot of things going on behind the scenes at FalconStor. ®

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