Nasdaq: Atari could be delisted, market value too low
For the second time this year, Atari has received a warning from Nasdaq that its stock could be delisted. This time, the violation doesn't concern a tardy financial report, rather the market value of the ailing video game publisher's stock, which is below $15 million. If that number stays below $15m for thirty consecutive days, the stock will be delisted (and we can't imagine that's going to go over well with investors).
That isn't the end of the line for Atari though; they'll have until March 20th to get their ship in order and, barring that, they'll be able to appeal the decision. Really, it pains us to watch this once proud video gaming brand dragged slowly to its death. Let's hope Midway's Hollywood plan saves that company from a similarly grim fate.
[Thanks, Vytenis]
