MGT Capital Investments of London said that it received the notice because the company failed to hold an annual shareholder meeting in 2008, as required by the exchange's listing standards.
MGT postponed the meeting because it has been considering "strategic alternatives" that would require shareholder approval. The company said it plans to hold a meeting before June 10, and that it has until March 10 to submit a plan to the exchange demonstrating its ability to regain compliance.
The company also commented on this week's proposal by the U.S. Centers for Medicare and Medicaid Services (CMS) not to establish federal reimbursement for virtual colonoscopy screening. Medicsight is in discussions with its strategic partners and clinical advisers to assess the implications that the ruling will have on the company, the firm said.
Medicsight submits 510(k) for ColonCAD, November 20, 2008
Road to RSNA, CAD, Medicsight, October 30, 2008
Medicsight touts ESGAR colon CAD data, June 19, 2008
Medicsight parent trims net loss, March 18, 2008
Medicsight, Toshiba ink deal, February 14, 2008
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