Atari stock fun
Atari stock fun
Company News - posted by Saint_Proverbius on Fri 5 August 2005, 03:07:47
Tags: AtariTheStreet.com has a little blurb about Atari, the guys who own the exclusive D&D and D20 rights, getting in hot water with Nasdaq. Here's a bit about the why:
In a letter on Tuesday, Nasdaq warned Atari that didn't comply with stock market listing requirements, since it currently has just two board members on its audit committee, neither of whom qualifies as a financial expert, Atari said in a regulatory filing Wednesday. The company has until Aug. 17 to submit a plan for coming into compliance, Atari said. "Atari will submit the requested compliance plan to the Nasdaq on or before Aug. 17 and will promptly respond to and address any questions or concerns communicated by the Nasdaq regarding such plan," the company said in the filing.I can kind of see Nasdaq's point but then again, their rules haven't exactly gotten them back to the 5k range.
Thanks, DemonKing!
In a letter on Tuesday, Nasdaq warned Atari that didn't comply with stock market listing requirements, since it currently has just two board members on its audit committee, neither of whom qualifies as a financial expert, Atari said in a regulatory filing Wednesday. The company has until Aug. 17 to submit a plan for coming into compliance, Atari said. "Atari will submit the requested compliance plan to the Nasdaq on or before Aug. 17 and will promptly respond to and address any questions or concerns communicated by the Nasdaq regarding such plan," the company said in the filing.
Thanks, DemonKing!
