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Atari Menaced by Nasdaq Delisting

Discussion in 'Game/SP News & Comments' started by chevalier, Sep 3, 2006.

  1. chevalier

    chevalier Knight of Everfull Chalice ★ SPS Account Holder Veteran

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    Remove all ads!
    Atari's stock has fallen too low to stay listed by Nasdaq, leading to a Staff Determination Letter from Nasdaq Listing Qualifications Department. Here's an excerpt from the article at Yahoo:

    NEW YORK, Sept. 1 /PRNewswire-FirstCall/ -- Atari, Inc. announced today that it has received a Staff Determination Letter from the Nasdaq Listing Qualifications Department stating that the Company has not gained compliance with the requirement in Nasdaq Marketplace Rule 4450(a)(5) that Atari's common stock maintain a $1.00 minimum bid price, and therefore the common stock is subject to delisting from The Nasdaq Global Market.

    Has anyone noticed the disclaimer is almost as long as the proper article? Where are these times going...

    Read the rest at Yahoo.
     
    chevalier, Sep 3, 2006
    #1

  2. Aikanaro Gems: 31/31
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    And so Atari keeps on down the spiral - good riddance.
     
    Aikanaro, Sep 4, 2006
    #2
  3. Ziad

    Ziad I speak in rebuses Veteran

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    If they get delisted from Nasdaq, I can see their stock falling even lower than they already are. Not good (for them)
     
    Ziad, Sep 5, 2006
    #3
  4. Merlanni

    Merlanni Veteran New Server Contributor [2012] (for helping Sorcerer's Place lease a new, more powerful server!)

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    I wonder how much atari will cost.
     
    Merlanni, Sep 6, 2006
    #4
  5. Ziad

    Ziad I speak in rebuses Veteran

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    Not much, but probably more than you and I can afford :lol:

    Maybe Tal should convince everyone here to step up the donations, get enough money and buy Atari. :roll:
     
    Ziad, Sep 7, 2006
    #5
  6. Taluntain

    Taluntain Resident Alpha and Omega Staff Member ★ SPS Account Holder Resourceful Adored Veteran Pillars of Eternity SP Immortalizer (for helping immortalize Sorcerer's Place in the game!) New Server Contributor [2012] (for helping Sorcerer's Place lease a new, more powerful server!) Torment: Tides of Numenera SP Immortalizer (for helping immortalize Sorcerer's Place in the game!) BoM XenForo Migration Contributor [2015] (for helping support the migration to new forum software!)

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    I'd rather invest it into the SP... it'd be far less risky. :lol:
     
    Taluntain, Sep 8, 2006
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  7. jcompton Gems: 9/31
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    In theory you can obtain this figure by looking at the market capitalization ("market cap" or "mktcap" on quote services), which is simply the current share price times the total number of issued shares. So that's $US 91.64 million as of this posting.

    In practice, you can't just buy 100% (or even 10%) of a publicly traded company by waking up one day and deciding you'd like to own it, even if you have the cash on hand to do so.
     
    jcompton, Sep 8, 2006
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  8. Rallymama Gems: 31/31
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    "Menaced"? You make it sound as though they're being treated unfairly. If a business can't mee the minimum requirements for being listed, why should they receive a free gift?
     
    Rallymama, Sep 8, 2006
    #8
  9. Taluntain

    Taluntain Resident Alpha and Omega Staff Member ★ SPS Account Holder Resourceful Adored Veteran Pillars of Eternity SP Immortalizer (for helping immortalize Sorcerer's Place in the game!) New Server Contributor [2012] (for helping Sorcerer's Place lease a new, more powerful server!) Torment: Tides of Numenera SP Immortalizer (for helping immortalize Sorcerer's Place in the game!) BoM XenForo Migration Contributor [2015] (for helping support the migration to new forum software!)

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    [​IMG] men‧ace

    verb (used with object)
    4. to utter or direct a threat against; threaten.
    5. to serve as a probable threat to; imperil.

    I.e. Atari Threatened/Imperiled by Nasdaq Delisting. Doesn't necessarily have to be unfair...
     
    Taluntain, Sep 8, 2006
    #9
  10. Ziad

    Ziad I speak in rebuses Veteran

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    Amen to that :lol:

    True, but you don't need 100% to own the company. Having 51% is enough, since even if all the other shareholders disagree with you you're still the majority. But you're right, it's not something you can do simply because you have the money.
     
    Ziad, Sep 9, 2006
    #10
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