Finlay Enterprises Inc. is reportedly not in compliance with Nasdaq Marketplace Rules 4450(a)(2) and 4450(a)(5), which has threatened its stocks to be delisted. Nasdaq Stock Market informed the company that its common stock has not maintained a minimum market value of publicly held shares of $5 million in the last 30 consecutive trading days. Also, its bid price had closed below the minimum $1.00 per share requirement. %% Finlay is monitoring the market value of its listed securities. If stock does not meet the minimum trading and bid price requirement, it would consider the options. Nasdaq has given Finaly certain deadlines; until July 1, 2008 to show compliance with rule section 2 and until October 6, 2008 to comply with rule section 5. If Finlay cannot satify the requirements, Nasdaq will provide written notification that Finlay’s securities will be delisted. In which case, Finlay can appeal Nasdaq's ruling to a Listing Qualifications Panel.