indiegames
March 6th, 2010, 00:40
http://cache.gawker.com/assets/images/kotaku/2010/03/thumb160x_shockedmama.jpgMajesco's share price has again wandered south of Wall Street's Mendoza line, prompting NASDAQ to tell the maker of Cooking Mama to get it back north of $1 or face delisting from the exchange.
Sound familiar? Majesco got the same notice back in August 2008. (http://kotaku.com/5043336/majesco-might-get-kicked-off-the-stock-market) The company's share price closed today only marginally below a buck - 99.8 cents to be exact - but it'll take more than a one-day, two-tenths of a cent rally to get them out of penny-stock jail.
Majesco has until Aug. 30 to achieve compliance - which happens when the price closes at $1 per share or more for a minimum of 10 straight trading days. If it doesn't, it'll get a notice that its securities are subject to delisting, so it's not immediate, and even then, Majesco may appeal or apply for an extended grace period.
Majesco Receives Nasdaq Delisting Warning (http://www.industrygamers.com/news/majesco-receives-nasdaq-delisting-warning/) [Industry Gamers]
http://ads.pheedo.com/img.phdo?p=1 (http://ads.pheedo.com/click.phdo?p=1)http://a.rfihub.com/eus.gif?eui=2226http://feeds.feedburner.com/~ff/kotaku/full?d=yIl2AUoC8zA</img> (http://feeds.gawker.com/~ff/kotaku/full?a=ayVobuuTz5Q:GrMrmAdNF6I:yIl2AUoC8zA) http://feeds.feedburner.com/~ff/kotaku/full?d=H0mrP-F8Qgo</img> (http://feeds.gawker.com/~ff/kotaku/full?a=ayVobuuTz5Q:GrMrmAdNF6I:H0mrP-F8Qgo) http://feeds.feedburner.com/~ff/kotaku/full?i=ayVobuuTz5Q:GrMrmAdNF6I:D7DqB2pKExk</img> (http://feeds.gawker.com/~ff/kotaku/full?a=ayVobuuTz5Q:GrMrmAdNF6I:D7DqB2pKExk) http://feeds.feedburner.com/~ff/kotaku/full?i=ayVobuuTz5Q:GrMrmAdNF6I:V_sGLiPBpWU</img> (http://feeds.gawker.com/~ff/kotaku/full?a=ayVobuuTz5Q:GrMrmAdNF6I:V_sGLiPBpWU)
http://feeds.feedburner.com/~r/kotaku/full/~4/ayVobuuTz5Q
More... (http://feeds.gawker.com/~r/kotaku/full/~3/ayVobuuTz5Q/majesco-faces-nasdaq-delisting---again)
Sound familiar? Majesco got the same notice back in August 2008. (http://kotaku.com/5043336/majesco-might-get-kicked-off-the-stock-market) The company's share price closed today only marginally below a buck - 99.8 cents to be exact - but it'll take more than a one-day, two-tenths of a cent rally to get them out of penny-stock jail.
Majesco has until Aug. 30 to achieve compliance - which happens when the price closes at $1 per share or more for a minimum of 10 straight trading days. If it doesn't, it'll get a notice that its securities are subject to delisting, so it's not immediate, and even then, Majesco may appeal or apply for an extended grace period.
Majesco Receives Nasdaq Delisting Warning (http://www.industrygamers.com/news/majesco-receives-nasdaq-delisting-warning/) [Industry Gamers]
http://ads.pheedo.com/img.phdo?p=1 (http://ads.pheedo.com/click.phdo?p=1)http://a.rfihub.com/eus.gif?eui=2226http://feeds.feedburner.com/~ff/kotaku/full?d=yIl2AUoC8zA</img> (http://feeds.gawker.com/~ff/kotaku/full?a=ayVobuuTz5Q:GrMrmAdNF6I:yIl2AUoC8zA) http://feeds.feedburner.com/~ff/kotaku/full?d=H0mrP-F8Qgo</img> (http://feeds.gawker.com/~ff/kotaku/full?a=ayVobuuTz5Q:GrMrmAdNF6I:H0mrP-F8Qgo) http://feeds.feedburner.com/~ff/kotaku/full?i=ayVobuuTz5Q:GrMrmAdNF6I:D7DqB2pKExk</img> (http://feeds.gawker.com/~ff/kotaku/full?a=ayVobuuTz5Q:GrMrmAdNF6I:D7DqB2pKExk) http://feeds.feedburner.com/~ff/kotaku/full?i=ayVobuuTz5Q:GrMrmAdNF6I:V_sGLiPBpWU</img> (http://feeds.gawker.com/~ff/kotaku/full?a=ayVobuuTz5Q:GrMrmAdNF6I:V_sGLiPBpWU)
http://feeds.feedburner.com/~r/kotaku/full/~4/ayVobuuTz5Q
More... (http://feeds.gawker.com/~r/kotaku/full/~3/ayVobuuTz5Q/majesco-faces-nasdaq-delisting---again)