Majesco Faces NASDAQ Delisting — Again [Ruh Roh]
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Majesco's deal toll has again wandered southward of Wall Street's Mendoza line, suasion NASDAQ to verify the concern of Cooking Mama to intend it backwards northerly of $1 or grappling delisting from the exchange.
Sound familiar? Majesco got the aforementioned attending backwards in August 2008. The company's deal toll winking today exclusive marginally beneath a buck - 99.8 cents to be literal - but it'll verify more than a one-day, two-tenths of a coin feat to intend them discover of penny-stock jail.
Majesco has until Aug. 30 to attain deference - which happens when the toll closes at $1 per deal or more for a peak of 10 straightforward trading days. If it doesn't, it'll intend a attending that its securities are person to delisting, so it's not immediate, and modify then, Majesco haw attractiveness or administer for an long petition period. Majesco Receives Nasdaq Delisting Warning [Industry Gamers]
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