May 9th, 2008
Atari will be removed from Nasdaq
NextGen report that the Nasdaq stock market will soon remove Atari from its listings. It seems that the company was unable to boost its market value up to the required $15 million mark for more for 10 consecutive business days so trading of thier shares will end tromorrow (May 9th).
Atari will however bee requesting a review of the decision from the Nasdaq Listing and Hearing Review Council.
The company will continue to trade on Pink Sheets, an electronic quotation service maintained by Pink Sheets LLC.
