NASDAQ warns Medialink of delist possibility

NEW YORK: Medialink is in danger of being delisted from the NASDAQ. It filed notice today with the Securities and Exchange Commission (SEC) that it has received a deficiency notice from the NASDAQ. The notice, received August 14, comes after Medialink's common stock closed below $1 for 30 consecutive business days, a violation of the stock exchange's marketplace rules. The company has 180 days, through February 10, 2009, to regain compliance or be delisted. On August 15, Medialink reported losses for the second quarter, and announced that it had sold some of its UK assets and its Teletrax business. Industry sources, though, have told PRWeek that the entire company might be for sale.

NEW YORK: Medialink is in danger of being delisted from the NASDAQ. It filed notice today with the Securities and Exchange Commission (SEC) that it has received a deficiency notice from the NASDAQ. The notice, received August 14, comes after Medialink's common stock closed below $1 for 30 consecutive business days, a violation of the stock exchange's marketplace rules. The company has 180 days, through February 10, 2009, to regain compliance or be delisted. On August 15, Medialink reported losses for the second quarter, and announced that it had sold some of its UK assets and its Teletrax business. Industry sources, though, have told PRWeek that the entire company might be for sale.

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