Medialink's Books Awash with Red Ink [1]
Submitted by Bob Burton [2] on
In its latest quarterly financial report to the U.S. Securities and Exchange Commission [3], Medialink Worldwide [4] -- the largest producer of fake news [5] products such as video news releases [6] (VNRs) and audio news releases [7] (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 [8] from a high of $4.50 to just 9 cents. In its report, Medialink notes (see page 11) [9] 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."