The company has until Tuesday, May 5, to submit a plan to regain compliance. The Nasdaq can then decide to grant an extension of up to 105 days for Medialink to become compliant or issue a notice of delisting.
Medialink has already been under threat of delisting due to its stock's failure to rise above the $1 price minimum also mandated by the Nasdaq. As of the morning of April 24, the company's stock was about 13 cents. The grace period for regaining stock price compliance also expires in May.
Medialink recently reported its year-end and Q4 2008 earnings, indicating that without third-party investment or a buyer, it's possible the company could cease operations. Medialink president and CEO Laurence Moskowitz forecasted in the release a "$1.5 million decline in revenues for the first quarter of 2009 as compared to the comparable 2008 quarter.”