Majesco receives another Nasdaq delisting notice
Majesco is once again out of compliance with the Nasdaq stock exchange for having a stock price under $1 for over 30 days. The company now has 180 days (about six months) to raise its common stock to at least $1 for ten consecutive business days.
The publisher's shares took a dive in January when it announced it'd no longer provide quantitative guidance for the rest of the year. Pssst, defunct publisher THQ did the same thing.
Majesco has survived similar delisting warnings in the past. At least two that we can remember.
[Thanks, Michael]
