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): February 2,
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)
654-9646
|
||
(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.
|
On
February 2, 2011, LiveDeal, Inc. (the “Company”) received a letter from Nasdaq’s
Listing Qualifications Department informing the Company of its failure to comply
with Nasdaq Listing Rule 5550(a)(4), which requires that the Company have at
least 500,000 publicly held shares for continued listing on the Nasdaq Capital
Market.
In
accordance with Listing Rule 5810(c)(2)(C), the Company was given a 45-day
period (until March 19, 2011) to provide the Nasdaq staff with a specific plan
to achieve and sustain compliance with all of the Nasdaq Capital Market listing
requirements, including a time frame for the completion of the
plan. After the Nasdaq staff reviews the Company’s plan, the staff
will provide the Company with written notice of its decision. If the
Nasdaq staff rejects the Company’s plan, the Company will have the opportunity
to appeal any resulting delisting determination or public reprimand letter to a
Nasdaq hearings panel. During the 45-day period described above,
including any extension thereof, and the pendency of an appeal (if any), the
Company’s common stock will continue to be traded on the Nasdaq Capital
Market.
Potential
compliance strategies under consideration include implementing a forward stock
split to increase the number of publicly held shares of the Company’s common
stock and/or issuing additional shares of common stock in one or more private
placement transactions, assuming a suitable investor can be
identified. There can be no assurance that these strategies (or any
alternative strategy) will be consummated, or accepted by the Nasdaq
staff. As of the date of this filing, the Company has not made any
final decisions regarding what action(s) to take in response to the letter
described above.
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:
February 8, 2011
|
/s/
Lawrence W. Tomsic
|
||
Lawrence
W. Tomsic
|
|||
Chief
Financial Officer
|