Midway stock faces delisting from NYSE

Posted Nov 22, 2008 at 6:13PM by Karl B. Listed in: News Tags: Midway Games, New York

Mortal Kombat vs DC Universe - Image 1

It looks like nothing is going right for Midway these days. The company has just revealed that its stocks are facing delisting from the New York Stock Exchange.

Midway now has six months to improve its standing in order to keeps its stocks listed. To do that, the company has to achieve the minimum closing price of US$ 1 per share over 30 consecutive days.

This is just the latest in Midway's ongoing financial soap opera. Layoffs, huge losses, and the resignations of some of its top execs were only a few of the bad news that has plagued Midway these past few months.

Via Games Industry

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Comments [refresh]

by m3rox - 2008-11-22 14:58

� ..

Maybe they should produce a decent game once in a while.

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by lavino - 2008-11-22 16:09

� quick!

do a 5:1 reverse split ;)

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