Fog Cutter Capital Group, Portland, Ore., has announced that the company's appeal of the NASDAQ Stock Market's decision to delist Fog Cutter's common stock has been denied.Fog Cutter said the company's stock will continue to be traded on the OTC Pink Sheets. "We are disappointed with this result and will continue in our efforts to have the company's stock listed on a major exchange, which may include further appeals of the NASDAQ decision," said Donald Berchtold, Fog Cutter's chief executive officer. Fog Cutter has several operating segments, including commercial real estate mortgage brokerage activities.
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