Share price of First Place Financial corrected to read $3.25 as of Feb. 28BOSTON ( TheStreet) -- Small-cap stocks, measured by the Russell 2000 Index, rose more than 5% last month, attracting investors to growth companies on hopes of outsized profits as the economy rebounds. Still, many carry risks rarely present at larger peers, including the inability to remain compliant with listing standards of the Nasdaq and New York Stock Exchange. February was a winning month for the stock market, with the S&P 500, Nasdaq and Dow Jones Industrial Average each rising roughly 3% despite geopolitical waves over protests in the Middle East.
LiveDeal ( LIVE) Company Profile: LiveDeal provides local customer acquisition services for small businesses. LiveDeal was the first company to bring the print yellow pages to the Internet in 1994. Current Share Price: $4.90 (Feb. 28) Listing Violation: Public float. The listing rule requires that a company have at least 500,000 publicly held shares for continued listing. Currently, LiveDeal has a public float of about 376,000 shares. Received Nasdaq Notice: Feb. 2 Management's Expected Action: LiveDeal has until March 19 to provide the Nasdaq staff with a specific plan to achieve and sustain compliance with all listings requirements, including a time frame for the completion of the plan. While LiveDeal says it has not made any final decisions regarding what actions to take, the company noted that potential compliance strategies it is considering include a forward stock split, which would increase the number of shares held, or the issuance of additional shares of common stock.