Majesco is Once Again at Risk of Nasdaq Delisting

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MajescoOn March 2, Majesco once again received a letter from the Nasdaq Stock Market that Majesco is at risk of being delisted. As per the Nasdaq rules, Majesco's stock closed below $1 for 30 consecutive days. That's a no-no.
Majesco has repeatedly encountered this problem before, and is unlikely to suffer any serious problems. Majesco has 180 days to have its stock close higher than $1 for 10 consecutive trading days, and if that doesn't work, Majesco can still appeal the delisting.

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This page contains a single entry by Editor published on March 4, 2010 3:13 PM.

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