VCG Holding falls on delayed FY07 report
VCG Holding Corp. (Nasdaq:VCGH) shares are falling after the strip club operator said in a regulatory filing that it needs additional time to complete its fiscal 2007 financial statements. The Lakewood, Col.-based firm said reconciling deferred tax liability caused the delay. The firm also announced after Monday’s opening bell that it received a license for the acquisition of the Dallas-based Jaguar’s Gold Club. In afternoon trading, VCGH shares are down 17.7%, or $1.31, at $6.09.
