Update on Merge Technologies
In a conference call Wednesday, the chairman of the board and interim principal executive officer of [tag]Merge[/tag] Technologies said that the company is making every effort to meet [tag]regulatory requirements[/tag] related to the company’s [tag]financial statements[/tag].
An independent [tag]investigation[/tag] into the finances of Merge was recently complete by Alvarez & Marsal, LLC of New York. The company is working with the consultants to help expedite the [tag]restatement[/tag] of financial statements for the years 2002 through 2005.
Merge has delayed [tag]regulatory filings[/tag] in order to [tag]restate earnings[/tag] and correct errors in the financial statements. The company does not know if Nasdaq will grant an extension beyond the July 7 deadline for filing relevant financial reports. If the deadline is not extended and the company is delisted, the common stock will trade as pink sheets beginning July 10.
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