Wanna buy stock in the AVP? 8 cents gets you a free seat in the bleachers ...

You get the idea that the AVP didn't really do a lot to capitalize on the success some of its players had at the recent Beijing Olympics?

The Associated Press

The Association of Volleyball Professionals' stock fell 2 cents to 8 cents a share on Friday in over-the-counter trading after the company disclosed it has asked the Securities and Exchange Commission for permission to stop filing periodic financial reports with the agency.

The process, known as deregistering its shares, would take effect in about 90 days, the company said. Once that happens, there will be no public market for shareholders to sell their holdings, and AVP, Inc. would be unable to register new shares for sale to the public.

The pro beach volleyball league cited the expense of complying with SEC disclosure rules as the reason it is taking this step.

"The board believes that deregistering will result in significant reductions in our accounting, legal and administrative expenses and enable our management to focus its time and resources on the operation of our company and the growth and development of our sport," CEO Leonard Armato said in a statement.