RUMOR MILL
The company was notified earlier this month by Nasdaq that it could be delisted from the market because its had dropped below the minimum market cap or total assets and total revenue of $50 million, and a market value of public float of $15 million.
Monday, August 28, 2000
K-TEL CHIEF TAKES ON COMPANY’S DEBT
Offers Compilation Of Deficits And ’80s Glam-Rock Ballads
K-tel International's stock price jumped today on news that founder, CEO and Chaiman Philip Kives was shouldering some of the company's debt. Kives will convert nearly $2 million of K-tel debt to equity held by a company in which he is the principal owner. K-tel closed up $.85 for the day at $1.94
The press release used the word "indebtedness," but we couldn't figure out where to use it in this story.
The company was notified earlier this month by Nasdaq that it could be delisted from the market because its had dropped below the minimum market capitalization or total assets and total revenue of $50 million, and a market value of public float of $15 million.
K-tel's stock is not sold in stores. Call now and we'll throw in a copy of "Totally Awesome Songs About Junk Bonds."
VMAs BEAMING BACK
TO THE BIG APPLE Getting back to where they once belonged (4/24a)
THE COUNT: ALL THE DESERT'S A STAGE
Jon Wayne is rolling over in his grave. (4/24a)
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THE NEW UMG
Gosh, we hope there are more press releases.
TIKTOK BANNED!
Unless the Senate manages to make this whole thing go away, that is.
THE NEW HUGE COUNTRY ACT
No, not that one.
TRUMP'S CAMPAIGN PLAYLIST
Now 100% unlicensed!
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A CHORUS OF PRAISE: IVORS 2024 NOMSrumor mail
