Community site theglobe.com said Feb. 15 it had redesigned its site to better handle several new multimedia advertising formats. The redesign also incorporates tools and services for Globe communities throughout the entire site. Theglobe.com said it was working with Creative Good, a New York-based company focusing on customer experience, to perform ongoing qualitative research aimed at increasing the site's attractiveness to advertisers. Earlier this week, the company received a Nasdaq Staff Determination notice because its stock, which closed Feb. 15 at 50 cents a share, is not currently compliant with the minimum bid requirement to continue to be listed on the exchange. Nasdaq rules require that a company receives a delisting notification if its stock price drops below $1 a share for 30 days. Companies then have 90 days to bring the price back above $1 for 10 consecutive days. If not, the company can appeal the delisting. Theglobe.com has requested a hearing with Nasdaq to review the notice and at present continues to be listed on the exchange.
Copyright February 2001, Crain Communications Inc.