Shane McMahon's Company Under Threat of Being Delisted by NASDAQ

Shane McMahon's company, YOU On Demand, filed the following 8K with the SEC on August 23rd:

Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing.

On August 20, 2013, YOU On Demand Holdings, Inc. (the “Company”) received a notice from Nasdaq indicating that the Company’s stockholders’ equity reported for its most recently completed fiscal quarter did not meet the minimum requirement of $2,500,000 for continued listing on the Nasdaq Capital Market as set forth in Nasdaq Listing Rule 5450(b)(1). As reported in the Company’s Quarterly Report on Form 10-Q for the period ended June 30, 2013 filed with the Securities and Exchange Commission on August 14, 2013, the Company’s stockholders’ equity was $1,553,238 as of June 30, 2013.

Under the applicable Nasdaq rules, the Company has 45 calendar days to submit a plan as to how the Company would seek to regain compliance with this requirement. The Company has been in contact with Nasdaq and will submit such a plan to regain compliance through transactions that result in a net increase in equity value. If the Company’s plan is not accepted by Nasdaq the Company will have the opportunity to appeal that decision to a hearings panel.

As a result of a gain on the Company’s recent sale of all of its interest in Jinan Guangdian Jia He Broadband Co., Ltd., the Company believes that it will be able to demonstrate compliance with Nasdaq Listing Rule 5450(b)(1), however there can be no assurance that any plan to achieve continued compliance submitted by the Company would be accepted by Nasdaq or would be successful in maintaining the Company’s listing on the Nasdaq Capital Market for its common stock. Any such failure may impact the liquidity and market price of the Company’s common stock and the Company’s access to the capital markets.