Oh, there was a pandemic

Yes, this is one of my blogs. 

No, I haven't blogged here in years.

But at the moment I'm involved in a concerted effort to post in my other blogs, because reasons. So I figured I'd check out the NTN Buzztime world. I mean, I guess there's a slight chance that a company that is highly if not completely dependent upon bar traffic would possibly be affected by a pandemic that has closed bars throughout North America. 

But before I even got to the news release about NTN Buzztime's most recent quarterly earnings, I ran across this release. And it's not so good.

CARLSBAD, Calif., June 15, 2020 — NTN Buzztime, Inc. (NYSE American: NTN), announced it received a letter from NYSE Regulation, Inc. on June 11, 2020, stating it accepted the company’s plan to regain compliance with Section 1003(a)(iii) of the NYSE American Company Guide by September 27, 2021, and granted the company a plan period through September 27, 2021 to regain compliance.

In the letter, NYSE Regulation also notified the company that it was not in compliance with Section 1003(a)(ii) of the NYSE American Company Guide because the company reported stockholders’ equity of less than $4.0 million as of March 31, 2020 and had net losses in its five most recent fiscal years ended December 31, 2019.  The company is not in compliance with Section 1003(a)(iii) of the NYSE American Company Guide because it reported stockholders’ equity of less than $6.0 million as of December 31, 2019 and had net losses in its five most recent fiscal years ended December 31, 2019.