Atari in financial trouble again
Can Big Phil save their assets?
Updated on
Poor old Atari may be delisted from the NASDAQ stock exchange for failing to be worth enough money.
As reported by GamesIndustry.biz, Atari's shares had to remain at a value of at least USD 15 million (GBP a small flat with no windows in Islington) for 10 consecutive days. They didn't.
So the NASDAQ people sent them a threatening letter, again. Now Atari is requesting an appeal hearing, but says there are no guarantees.
The news comes just weeks after former big-deal-at-Sony Phil Harrison joined Infogrames, Atari's parent company, as president. Since then the company has announced Driving Theory Training for the DS. Come on Phil, where's Rubber Duck Hunt?