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Interplay Warned Of De-Listing By Nasdaq

Interplay said that it received a notice from Nasdaq warning that Interplay will be delisted from the stock exchange unless the company's market value and share price rise.
For the last 30 days, the company has not maintained a minimum market value based on publicly held shares of $15,000,000, at a minimum bid price per share of $3.00 -- requirements set for by the Nasdaq market for listing shares. The deficiency notice, issued February 14, also said that Interplay does not meet Nasdaq's alternative listing requirements, which require, among other things, that Interplay must have stockholders' equity of $10 million, a minimum market value of publicly held shares of $5,000,000 and a minimum bid price per share of $1.00. Interplay was given 90 days (until May 15) to regain compliance. If Interplay fails, the company said it expects to be delisted by Nasdaq.

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