Submitted by Bob Burton on
In its latest quarterly financial report to the U.S. Securities and Exchange Commission, Medialink Worldwide -- the largest producer of fake news products such as video news releases (VNRs) and audio news releases (ANRs) -- reports that revenue dropped by more than 28%, compared to the same three month period in 2007. From early 2008, the company's share price has dropped from a high of $4.50 to just 9 cents. In its report, Medialink notes (see page 11) that the company's stock has traded below "the minimum $1.00 per share requirement for continued listing" on the Nasdaq stock market and has been warned that it has until May 18, 2009, to "regain compliance."
Main Source:
Printer-friendly version