Midway receives delisting notice from NYSE

by Alexander Sliwinski on Nov 21st 2008 9:45AM

Industry folks have been joking that Midway is the new Atari; however, while Atari is finding redemption in rebirth, Midway continues to sink deeper into the Swamps of Sadness. The latest bit of bad news comes from the New York Stock Exchange, which has put the publisher on notice for potential delisting.

NYSE states that Midway needs a closing price of at least $1 over 30 consecutive days -- the stock is currently trading at about 25¢. According to NYSE rules, the publisher has six months to save itself from delisting. At this time, the house of Booty has its financial future pinned on the performance of Mortal Kombat vs. DC Universe and Wheelman. Do you have the heart to tell Midway how this will end?

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Tags: delisting, midway, nyse

Reader Comments (57)

It was a hell of a thing when Artax died. 28 years old and it still haunts me.

Thanks for reminding me of one of the saddest movie going moments of my childhood. :( What's next? A picture from The Fox and the Hound?

Young Tod: Copper, you're my best friend.
Young Copper: And you're mine too, Tod.
Young Tod: And we'll always be friends forever. Won't we?
Young Copper: Yeah, forever.

http://www.youtube.com/watch?v=m4OCxQhPm58

"Baby mine, don't you cry
Baby mine, dry your eyes
Rest your head close to my heart
Never to part, baby of mine"

BWAHHHHHHH!!! MOMMY!

And I thought the exchanges had suspended the usual delisting criteria with the global economy melting down and all. Midway must be doing spectacularly awful to get a delisting notice right now.

Wolfgang Petersen's second best movie. Das Boot being his first..

I remember seeing TNS in the theaters, 3 times, because I'm that old... I was 10 in 1984.

Most people don't even realize, that TNS is actually a German film.

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