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ModusLink Global Solutions, Inc. Message Board

  • saturnmane418 saturnmane418 Jan 2, 2013 5:44 PM Flag

    Nasdaq believed MLNK is being honest and doing everything it can to comply with Nasdaq rules.

    5250. Obligations for Companies Listed on The Nasdaq Stock Market
    (a) Obligation to Provide Information to Nasdaq

    (1) Nasdaq may request any additional information or documentation, public or non-public, deemed necessary to make a determination regarding a Company's continued listing, including, but not limited to, any material provided to or received from the Commission or Other Regulatory Authority. A Company may be denied continued listing if it fails to provide such information within a reasonable period of time or if any communication to Nasdaq contains a material misrepresentation or omits material information necessary to make the communication to Nasdaq not misleading. The Company shall provide full and prompt responses to requests by Nasdaq or by FINRA acting on behalf of Nasdaq for information related to unusual market activity or to events that may have a material impact on trading of its securities in Nasdaq.

    Shareholders may not have trust in the leadership at MLNK but todays announcement should comfort you since they convinced somebody with authority that they are doing what they need to do and given more time to do it. I think this 3rd party acknowledgement of there progress is why the stock is up so much.

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1.44+0.07(+5.11%)Aug 31 4:00 PMEDT