Majesco threatened with Nasdaq delisting, again
by Alexander Sliwinski 
on Mar 8th 2010 11:10AM
Majesco, publisher of
Cooking Mama and ... other
stuff, has received a delisting notice from the Nasdaq stock market. The company now has 180 calendar days to bring its stock above $1 per share, the minimum required to remain on the exchange. The trick, though, is it can't just pop its
fiscally hurting head above a buck for a day and everything will go back to being right with the world again. The company needs to hold the price for "a minimum of 10 consecutive trading days prior to August 30, 2010."
This is not the first time Majesco was
threatened with being kicked from the exchange. The company came
back from the brink of that potential delisting disaster early last year. If you're curious to see what happens after a company is delisted, here are two case studies:
Midway and
Atari.
