Eddie_the_Hated
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Total Posts
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8015
- Joined: Jan 17, 2006
- Location: Wayne, MI
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Atari Delisted from Nasdaq. Over $70 Mil in Losses
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Jul 21, 2007 07:34
Reuters reports that Atari has received a delisting notice from NASDAQ because it failed to file its financial report for the fiscal year ended March 31.
Two weeks ago, Atari announced that it would report a wider-than-expected loss of USD 71.3 million for the fiscal year ended March 31.
Atari said it hasn' t filed the report yet because it is still determining which accounting entries it needs to make, adding that it filed for a hearing with the NASDAQ' s listing qualifications panel.
Last year, Atari received a similar delisting notice from NASDAQ when it could not maintain its share price over one dollar for ten consecutive days.
Teh bummer. 
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