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Article: Nasdaq Warns Radio One That It May Be Delisted
- Article from:
- The Washington Post
- Article date:
- March 22, 2007
- Author:
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Radio One said yesterday that it had been warned by the Nasdaq
Stock Market that it is in danger of being delisted because it has
not filed its 2006 annual fiscal report.
The Lanham company said it has requested a hearing, automatically
delaying suspension or delisting and allowing it time to complete
and file the required report with the Securities and Exchange
Commission.
Last month, the company notified the SEC that it was reviewing
its accounting of stock option grants in its financial reports and
expected to have to restate results for 1999-2005. The SEC has
launched an informal inquiry of the company's option-granting