Joystiq http://www.joystiq.com Joystiq http://www.blogsmithmedia.com/http://www.joystiq.com/media/feedlogo.gif Joystiq http://www.joystiq.com en-us Copyright 2013 Weblogs, Inc. The contents of this feed are available for non-commercial use only. Blogsmith http://www.blogsmith.com/<![CDATA[Majesco receives another Nasdaq delisting notice]]>http://www.joystiq.com/2013/03/08/majesco-receives-another-nasdaq-delisting-notice/http://www.joystiq.com/2013/03/08/majesco-receives-another-nasdaq-delisting-notice/http://www.joystiq.com/2013/03/08/majesco-receives-another-nasdaq-delisting-notice/#comments Majesco closes at under $1Majesco is once again out of compliance with the Nasdaq stock exchange for having a stock price under $1 for over 30 days. The company now has 180 days (about six months) to raise its common stock to at least $1 for ten consecutive business days.

The publisher's shares took a dive in January when it announced it'd no longer provide quantitative guidance for the rest of the year. Pssst, defunct publisher THQ did the same thing.

Majesco has survived similar delisting warnings in the past. At least two that we can remember.

[Thanks, Michael]

JoystiqMajesco receives another Nasdaq delisting notice originally appeared on Joystiq on Fri, 08 Mar 2013 09:00:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>delistingmajesconba-baller-beatsstockFri, 08 Mar 2013 09:00:00 EST<![CDATA[Majesco stock closes day at under $1]]>http://www.joystiq.com/2013/01/15/majesco-stock-closes-day-at-under-1/http://www.joystiq.com/2013/01/15/majesco-stock-closes-day-at-under-1/http://www.joystiq.com/2013/01/15/majesco-stock-closes-day-at-under-1/#comments Majesco closes at under $1Majesco closed the trading day at $0.75/share, down 29 percent from yesterday. The publisher now has 30 days to bring its stock price above a dollar before it receives a delisting notice from the NASDAQ stock exchange. Stocks valued at under a dollar are against the NASDAQ rules.

The Cooking Mama company finds itself in this situation after announcing yesterday it would no longer provide quantitative guidance for the rest of the year. A recent example of a company making a similar declaration was THQ.

If Majesco receives a delisting notice, it has 90 days to regain compliance, but must maintain the stock price for over 10 days. Majesco has survived similar situations before.

JoystiqMajesco stock closes day at under $1 originally appeared on Joystiq on Tue, 15 Jan 2013 18:30:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>delistingmajesconba-baller-beatsTue, 15 Jan 2013 18:30:00 EST<![CDATA[Majesco threatened with Nasdaq delisting, again]]>http://www.joystiq.com/2010/03/08/majesco-threatened-with-nasdaq-delisting-again/http://www.joystiq.com/2010/03/08/majesco-threatened-with-nasdaq-delisting-again/http://www.joystiq.com/2010/03/08/majesco-threatened-with-nasdaq-delisting-again/#commentshttp://www.blogcdn.com/www.joystiq.com/media/2010/03/gardeningmamasadface580px11.jpg 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.

JoystiqMajesco threatened with Nasdaq delisting, again originally appeared on Joystiq on Mon, 08 Mar 2010 11:10:00 EST. Please see our terms for use of feeds.

Read | Permalink | Email this | Comments]]>businesscooking-mamadelistingmajesconasdaqstock-marketMon, 08 Mar 2010 11:10:00 EST<![CDATA[Majesco cooks up compliance with Nasdaq]]>http://www.joystiq.com/2009/04/03/majesco-cooks-up-compliance-with-nasdaq/http://www.joystiq.com/2009/04/03/majesco-cooks-up-compliance-with-nasdaq/http://www.joystiq.com/2009/04/03/majesco-cooks-up-compliance-with-nasdaq/#comments
Majesco has regained compliance with the Nasdaq stock exchange after completing a stint of ten consecutive days with a stock price of over $1. When asked for comment, Cooking Mama exclaimed, "RONDERFUL!"

The publisher is known for Cooking Mama and ... um. Anyway, last August, Majesco was informed it had 180 days to get its stock back in compliance with Nasdaq rules or face delisting. Optimistically, buying the stock now at its bargain price would be fantastic if Majesco can find another franchise (A Boy and his Blob?) worth its salt and pepper.

[Via GoNintendo, GamerInvestments]

JoystiqMajesco cooks up compliance with Nasdaq originally appeared on Joystiq on Fri, 03 Apr 2009 16:38:00 EST. Please see our terms for use of feeds.

Read | Permalink | Email this | Comments]]>cooking-mamadelistingmajesconasdaqFri, 03 Apr 2009 16:38:00 EST<![CDATA[Majesco cooking up recipe for delisting]]>http://www.joystiq.com/2008/08/28/majesco-cooking-up-recipe-for-delisting/http://www.joystiq.com/2008/08/28/majesco-cooking-up-recipe-for-delisting/http://www.joystiq.com/2008/08/28/majesco-cooking-up-recipe-for-delisting/#commentsFiled under:

cooking mama
We hope you can smell what's cooking, Mama. 'Cause it ain't the sizzlin' aroma of seasoned ground beef. Nasdaq today gave notice to Majesco Entertainment, warning the publisher that its single share value had dipped below the minimum required for continued inclusion on the market. In other words, you're better off carrying a pocketful of pennies than owning a share of Majesco stock.

The company is being given 180 days to gets its recipe in order or else the kitchen's closed.

JoystiqMajesco cooking up recipe for delisting originally appeared on Joystiq on Thu, 28 Aug 2008 21:30:00 EST. Please see our terms for use of feeds.

Read | Permalink | Email this | Comments]]>delistingmajesconasdaqThu, 28 Aug 2008 21:30:00 EST