Atari Gets Another Delisting Warning From Nasdaq
12.28.07
Don’t shed too many tears though as the Atari of today is just a name brand that has been bought and sold many times over.
Pretty nuts eh?According to Nasdaq, a stock must have a value of at least $15 million to be listed and Atari dipped below that value once again today. They have 90 days to pump the stock value over that dollar amount or they’ll get delisted on March 20th, 2008. With a stock value of $1.44 and a horrible 2 year chart this doesn’t seem like a real possibility.
Seriously, how many idiots are going to buy a stock with a chart like that and no sign of the actual business turning around?
So what will happen to the brand on March 20th? Maybe EA will buy it at a bargain basement price?
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