The boot does not come swift any longer from Duncan Niederauer’s exchange, but eventually, it does come. We blogged in the past that NYSE was showing a little mercy to its Dollar Menunaires,but finally the time is nigh for one of the failstocks to be voted off the island. Who knows how Six Flags managed to stay listed despite having a share price below $1 since, what, September? – but finally, NYSE is rectifying this little issue:

NEW YORK, April 9 (Reuters) – Six Flags Inc said on Thursday that its common stock and preferred income equity redeemable shares were suspended from trading on the New York Stock Exchange for failing to meet listing criteria.

The New York-based company’s shares have been suspended from trading on the exchange effective at the market opening on April 20.

The company, which recently warned it could buckle under its $2.4 billion debt load, said the development would have no impact on its park operations or vendor relationships.

FWIW, CEO Mark Shapiro on the Q3 2008 conference call: “Depending on what we do with the balance sheet, the listing will take care of itself.” (Nope, can’t deny that it has…)

Looks like the news was good for a 7% plunge after hours, leaving each share of the stock worth a shiny quarter. We heard a report that Shapiro was spotted at Bed Bath and Beyond shopping for pink sheets, but this has not been confirmed.