Midway Gets Delisting Warning [Nov 21, 2008, 10:53 am ET] – 2 Comments
Midway Gets Delisting Warning from NYSE has the report that Midway has
gotten one of those NastyGrams the New York Stock Exchange sends to firms whose
stock prices remain below the $1.00/share threshold for 30 days. Midway recently
reported
$75.9 Million in third-quarter losses, and the NYSE notification gives them
six months to get their stock values back above that $1.00 mark or risk being
delisted. It's a long climb, though, as Midway was trading at $0.25 a share at
the close of trading yesterday.
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