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Article: Metalink Receives Deficiency Letter From NASDAQ Regarding Stockholders' Equity.
- Article from:
- Electronics Newsweekly
- Article date:
- October 14, 2009
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Metalink Ltd. (NASDAQ: MTLK), a global provider and developer of
high-performance broadband communication silicon solutions, announced that on September 29, 2009, it received a letter from The NASDAQ Stock Market notifying the Company that, based on its Form 6-K for the period ended June 30, 2009, the Company's stockholders' equity does not comply with the minimum
$2.5 million stockholders' equity requirement for continued listing on The NASDAQ Capital Market as required by NASDAQ Marketplace Rule 5550(b)(1) nor meet alternative criteria for continued listing on the Capital Market.
In accordance with the NASDAQ Marketplace Rules, the Company has ...