Quantcast
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.

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."

NEAR TRUTHS: CATALOG DANCE
Money is no object; rising interest rates be damned. (10/6a)
GRAMMY CHEW:
RAP EDITION
Michael and Kyle find a feast of hip-hop to chew on. (10/5a)
SONG REVENUE: “UNHOLY” MOLY
Sam & Kim get us in the Halloween spirit. (10/6a)
PRIMARY WAVE ADDS
$2B FUND
Hats off to Larry, who's doing the "Blitzkrieg Bop." (10/6a)
LORETTA LYNN,
1932-2022
Honoring the life and legacy of a truth-teller (10/5a)
GRAMMY SEASON
New categories! New rules! New WTF!
THE BIG DEAL
It's the one you didn't see coming.
RAID AT MAR-A-LAGO
"Who took my passports?"
HITS' 36TH ANNIVERSARY SPECIAL
Allow us to apologize in advance.
 Email

 First Name

 Last Name

 Company

 Country
CAPTCHA code
Captcha: (type the characters above)