MediaBay Effects 1-for-6 Reverse Stock Split to Regain Nasdaq Compliance
Cedar Knolls, N.J. - MediaBay, a distributor of spoken word audio content, announced on Monday that it has declared a 1-for-6 reverse split of its stock, which will begin trading under the new basis on Oct. 25. The move will bring the company's shares back under compliance with Nasdaq rules; MediaBay received a notice on Sept. 8 that its shares were subject to delisting from the Nasdaq, for failure to comply with the minimum bid price listing requirement.
http://biz.yahoo.com/prnews/051017/nym117.html?.v=22
http://www.mediabay.com
|
register |
login
| search members 
Comments
Post new comment