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Atari Faces Nasdaq Delisting

by Rainier on March 10, 2006 @ 11:22 a.m. PST

Things continue to go bad for Atari, as it has received a Nasdaq Staff Deficiency Letter indicating that it is not in compliance with the minimum bid price required for continued listing. Atari has 180 calendar days, until August 30, 2006, to bring its share price up to $1 or higher for 10 consecutive day. If it fails to do so, Nasdaq will provide written notification that its securities will be delisted, which of course Atari would then appeal.
Things continue to go bad for Atari, as it has received a Nasdaq Staff Deficiency Letter indicating that it is not in compliance with the minimum bid price required for continued listing. Atari has 180 calendar days, until August 30, 2006, to bring its share price up to $1 or higher for 10 consecutive day. If it fails to do so, Nasdaq will provide written notification that its securities will be delisted, which of course Atari would then appeal.
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