0001144204-11-054365.txt : 20110922 0001144204-11-054365.hdr.sgml : 20110922 20110922163100 ACCESSION NUMBER: 0001144204-11-054365 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20110916 ITEM INFORMATION: Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing ITEM INFORMATION: Other Events FILED AS OF DATE: 20110922 DATE AS OF CHANGE: 20110922 FILER: COMPANY DATA: COMPANY CONFORMED NAME: LIVEDEAL INC CENTRAL INDEX KEY: 0001045742 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-COMPUTER PROGRAMMING SERVICES [7371] IRS NUMBER: 850206668 STATE OF INCORPORATION: NV FISCAL YEAR END: 0930 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-33937 FILM NUMBER: 111103310 BUSINESS ADDRESS: STREET 1: 2490 EAST SUNSET ROAD STREET 2: SUITE 100 CITY: LAS VEGAS STATE: NV ZIP: 89120 BUSINESS PHONE: (702) 654-9646 MAIL ADDRESS: STREET 1: 2490 EAST SUNSET ROAD STREET 2: SUITE 100 CITY: LAS VEGAS STATE: NV ZIP: 89120 FORMER COMPANY: FORMER CONFORMED NAME: YP CORP DATE OF NAME CHANGE: 20040504 FORMER COMPANY: FORMER CONFORMED NAME: YP NET INC DATE OF NAME CHANGE: 19991112 FORMER COMPANY: FORMER CONFORMED NAME: RIGL CORP DATE OF NAME CHANGE: 19980707 8-K 1 v235538_8k.htm CURRENT REPORT Unassociated Document

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549

FORM 8-K

CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934

Date of Report (Date of earliest event reported):  September 16, 2011

LiveDeal, Inc.
(Exact Name of Registrant as Specified in Charter)


Nevada
  
001-33937
  
85-0206668
(State or Other Jurisdiction of Incorporation)
  
(Commission File Number)
  
(IRS Employer Identification No.)
 
2490 East Sunset Road, Suite 100, Las Vegas, Nevada 
  
89120
(Address of Principal Executive Offices)
  
(Zip code)

 
(702) 939-0230
  
 
(Registrant’s telephone number, including area code)
  

 
Not Applicable
  
 
(Former Name or Former Address, if Changed Since Last Report)
  
 
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions ( see General Instruction A.2. below):

o
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

o
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

o
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

o
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
 
 
 
 
 
Item 3.01.  Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing

As anticipated, on September 16, 2011, LiveDeal, Inc. (the “Company”) received a determination from the Listing Qualifications Staff of The NASDAQ Stock Market LLC indicating that, as of September 15, 2011, the Company had not evidenced a market value of publicly held shares (“MVPHS”) of at least $1 million for the preceding 30 consecutive business days, as required by NASDAQ Listing Rule 5550(a)(5) (the “MVPHS Rule”).  However, pursuant to Listing Rule 5810(c)(3)(D), the Company has been granted a 180-calendar day period within which to evidence compliance with the MVPHS Rule, through March 14, 2012.  The Company’s non-compliance with the MVPHS Rule has no impact on the Company’s listing on NASDAQ at this time.
 
Item 8.01.  Other Events

On September 21, 2011, representatives of the Company attended a hearing before a NASDAQ Listing Qualifications Panel (the “Panel”) at which it presented its plan to regain and sustain compliance with both the $2.5 million stockholders’ equity requirement for continued listing on The NASDAQ Capital Market, as set forth in Listing Rule 5550(a)(2), and the MVPHS Rule.  The Panel has not yet rendered its determination in this matter.  While the Company is diligently working to regain compliance with all applicable NASDAQ listing criteria, there can be no assurance that the Panel will grant the Company’s request for continued listing or that the Company will be able to successfully complete its compliance plan.
 
 
 
 
 
SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

   
LIVEDEAL, INC.
  
       
Date:  September 22, 2011
  
/ s/ Lawrence W. Tomsic
  
   
Lawrence W. Tomsic
  
   
Chief Financial Officer