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HealthCentral.com

This article was originally published in The Tan Sheet

Executive Summary

E-tailer reduces workforce 43%, cutting 60 employees to lower operating costs. Roughly 80 employees remain with the company, which is downgrading revenue predictions for third quarter ending Sept. 30. Second quarter sales fell 11.1% to $9.6 mil. Firm's listing was transferred to NASDAQ SmallCap Market effective Sept. 21 after company failed to maintain required market value and net tangible assets/stockholder equity. HealthCentral's board approved a 1-for-50 reverse stock split in June in an effort to stave off delisting
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