Atari Splits
…its shares in an attempt to keep its exchange listing.
Atari's share price at close of trade yesterday.
4 Jan 2007
Atari has pulled off a reverse miracle - turning 10 shares into one – in an attempt to pull off a real one and not lose its listing on the prestigious, tech-heavy NASDAQ Global Market. 2006. And the company has until January the 18th to do it.
Troubled Atari yesterday carried out a 'reverse split' of shares, which means that 10 shares each worth $0.01 became one share worth $0.10. According to the company behind Dragon Ball Z in a: “…letter dated December 20, 2006, Atari has been told by Nasdaq that if, following the reverse split, its shares trade above $1.00 for ten days ending on or before January 18, 2007 Nasdaq will withdraw its decision to suspend the listing of Atari's common stock on the Nasdaq Global Market.”
As this story goes live, InfoQuotes on NASDAQ is showing Atari’s price as $0.565 at close of trade on January 3rd.
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2 comments posted.
Damn it! Damn it to hell... I mean, thanks for the heads-up. Happy new year and that...
[exits swearing]
First comment
Posted by Ditto
A couple of mistakes:
of -> off
on -> one
of -> off
on -> one
Latest comment
Posted by Tim Smith
Adam M wrote:
A couple of mistakes:
of -> off
on -> one
of -> off
on -> one
Damn it! Damn it to hell... I mean, thanks for the heads-up. Happy new year and that...
[exits swearing]
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