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15 Apr 2010 01:20 PM
Sunain
Administrator
Joined: 18 Jun 2007
Posts: 1190
Posts: 1190
The original dubbing company for Pokemon has been in the news a lot this week for various reason. While it is not fully related to the Pokemon franchise anymore, the news is still interesting.
Cabbage Patch, Pokemon magnate buys Madoff's pad
NEW YORK — The businessman behind Cabbage Patch dolls and his wife have snatched up Bernard Madoff's Upper East Side penthouse.
Patsy Kahn says her husband, Al, "was worried about the karma." But she fell in love with the view of the Manhattan skyline from the 64th Street penthouse.
Al Kahn is chairman and CEO at 4Kids Entertainment Inc., a licensing company whose properties have included Pokemon and Teenage Mutant Ninja Turtles. He is also credited with helping to make Cabbage Patch dolls a phenomenon in the 1980s.
The home was on the market for $8.9 million.
Madoff swindled investors of $65 billion in a Ponzi scheme. The financier is serving a 150-year prison sentence. Proceeds from the sale, minus the broker's commission, will reimburse his victims.
Source: http://www.google.com/hostednews/ap/article/ALeqM5gFeZS-uiLsmyFJfIHYKAsZtZfZ_AD9EU8F680
4Kids Entertainment Receives Notice Regarding NYSE Listing Standard
NEW YORK--(BUSINESS WIRE)--4Kids Entertainment, Inc. (NYSE: KDE - News), the global children’s entertainment and merchandise licensing company, today announced that it has been notified by NYSE Regulation, Inc. that it is not in compliance with one of the continued listing standards of the New York Stock Exchange (NYSE).
4Kids is considered below criteria for the continued listing standards because over a 30 trading-day period its total market capitalization was less than $50 million and its most recently reported stockholders’ equity was $35.1 million, below the minimum threshold of $50 million. The NYSE has informed 4Kids that it is prepared to proceed with its normal business plan procedures, and 4Kids intends to submit a plan to the NYSE within the required 45-day period demonstrating how it plans to comply with the NYSE’s continued listing standards.
If, over a 30 trading-day period, 4Kids’ average market capitalization falls below the $15 million minimum threshold, the plan and cure process otherwise available under NYSE rules would be pre-empted and suspension and delisting procedures would be initiated. As of March 25, 2010, the Company’s 30 trading-day average market capitalization was approximately $17.3 million, with the absolute market capitalization on March 25, 2010 of approximately $15.2 million. In addition, if, over a 30 trading-day period, the average closing price of a share of 4Kids’ common stock is less than $1.00, 4Kids must bring its share price back above $1.00 within six months of receiving notification from NYSE.
Source: http://finance.yahoo.com/news/4Kids-Entertainment-Receives-bw-3121729229.html?x=0&.v=1
Cabbage Patch, Pokemon magnate buys Madoff's pad
NEW YORK — The businessman behind Cabbage Patch dolls and his wife have snatched up Bernard Madoff's Upper East Side penthouse.
Patsy Kahn says her husband, Al, "was worried about the karma." But she fell in love with the view of the Manhattan skyline from the 64th Street penthouse.
Al Kahn is chairman and CEO at 4Kids Entertainment Inc., a licensing company whose properties have included Pokemon and Teenage Mutant Ninja Turtles. He is also credited with helping to make Cabbage Patch dolls a phenomenon in the 1980s.
The home was on the market for $8.9 million.
Madoff swindled investors of $65 billion in a Ponzi scheme. The financier is serving a 150-year prison sentence. Proceeds from the sale, minus the broker's commission, will reimburse his victims.
Source: http://www.google.com/hostednews/ap/article/ALeqM5gFeZS-uiLsmyFJfIHYKAsZtZfZ_AD9EU8F680
4Kids Entertainment Receives Notice Regarding NYSE Listing Standard
NEW YORK--(BUSINESS WIRE)--4Kids Entertainment, Inc. (NYSE: KDE - News), the global children’s entertainment and merchandise licensing company, today announced that it has been notified by NYSE Regulation, Inc. that it is not in compliance with one of the continued listing standards of the New York Stock Exchange (NYSE).
4Kids is considered below criteria for the continued listing standards because over a 30 trading-day period its total market capitalization was less than $50 million and its most recently reported stockholders’ equity was $35.1 million, below the minimum threshold of $50 million. The NYSE has informed 4Kids that it is prepared to proceed with its normal business plan procedures, and 4Kids intends to submit a plan to the NYSE within the required 45-day period demonstrating how it plans to comply with the NYSE’s continued listing standards.
If, over a 30 trading-day period, 4Kids’ average market capitalization falls below the $15 million minimum threshold, the plan and cure process otherwise available under NYSE rules would be pre-empted and suspension and delisting procedures would be initiated. As of March 25, 2010, the Company’s 30 trading-day average market capitalization was approximately $17.3 million, with the absolute market capitalization on March 25, 2010 of approximately $15.2 million. In addition, if, over a 30 trading-day period, the average closing price of a share of 4Kids’ common stock is less than $1.00, 4Kids must bring its share price back above $1.00 within six months of receiving notification from NYSE.
Source: http://finance.yahoo.com/news/4Kids-Entertainment-Receives-bw-3121729229.html?x=0&.v=1
Last edited 15 Apr 2010 01:22 PM by Sunain
