Last week, there was talk of Motive's stock being delisted from Nasdaq (Motive may be delisted).

On Monday, it happened (Motive being delisted by Nasdaq).

According to the articles above, Motive was delisted because they could not comply with the SEC's filing deadlines, due to the company's decision to restate financial records all the way back to 2001.

Alfred Mockett, the new CEO, said:

"The restatements are not a reflection on our core business or strategic vision, but an indication of our commitment to address past accounting issues, correct them, and put them definitively behind us."

Is that a true statement? I don't know. Could be. But maybe not.

In fact, there's a realistic chance that Motive is on a permanent, unalterable downhill slide, and he was brought in as the fall guy. I hope they're paying him a lot of money, because it will be difficult to find a new job when your last position was standing at the helm of a company that went straight into the toilet. That will never look good on your resume, no matter how you spin it.

Motive stock is now trading on Pink Sheets for about $3/share. Latest price info here: http://www.pinksheets.com/quote/quote.jsp?symbol=motv