Quantcast
A trick prevents Majesco stock from being delisted - Destructoid




Game database:   #ABCDEFGHIJKLMNOPQRSTUVWXYZ         ALL     Xbox One     PS4     360     PS3     WiiU     Wii     PC     3DS     DS     PS Vita     PSP     iOS     Android


A trick prevents Majesco stock from being delisted


2:00 PM on 07.05.2014
Reverse Stock SplitA trick prevents Majesco stock from being delisted photo



Majesco is no longer in danger of being delisted from the NASDAQ stock exchange, thanks to some clever accounting. The Cooking Mama and Zumba Fitness publisher pulled off a reverse stock split last month, reducing its outstanding shares by a factor of seven.

NASDAQ requires companies to maintain a minimum bid price of $1 per share, a threshold Majesco fell below in January 2013. After a couple lengthy grace periods, Majesco finally managed to get its head above water, closing trading this week at $2.42.

Though individual shares may be selling at a higher price, reverse splits do not create value for investors. A book of Majesco shares is still worth the same amount; there's just less individual units to go around. This type of move really only delays the inevitable, affording a struggling business time to try digging itself out of a hole.

Majesco is presently betting the farm on a new online casino business and its indie publishing label Midnight City, distributors of Costume Quest 2, BloodRayne Betrayal, and High Strangeness.






Comments not appearing? Anti-virus apps like Avast or some browser extensions can cause this.
Easy fix: Add   [*].disqus.com   to your software's white list. Tada! Happy comments time again.

Did you know? You can now get daily or weekly email notifications when humans reply to your comments.






Cooking Mama

2:15 PM on 06.24.2014
Cooking Mama 5: Bon Appétit coming to 3DS in September

We first heard about Cooking Mama 5 last year, and expected to see it out then. Today, Majesco announced that Cooking Mama 5: Bon Appétit will release this September for the 3DS. This will be the second Cooking Mama ga...more



4:30 PM on 04.22.2014
Gardening Mama 2: Forest Friends ships to US retailers

Majesco has announced that Gardening Mama 2: Forest Friends has shipped to North American retailers where you may offer currency in exchange for a copy.  Maybe it's just because I haven't played a Mama game si...more



2:00 PM on 03.04.2014
Gardening Mama 2: Forest Friends is coming to the US

If you're a "Mama" fan, this is your lucky day -- Majesco is bringing over Gardening Mama 2: Forest Friends. It's headed to the 3DS in April, and will feature 50 new types of flowers, fruits, and vegetables. Of course, a...more



View all Cooking Mama






Back to Top




All content is yours to recycle through our Creative Commons License permitting non-commercial sharing requiring attribution. Our communities are obsessed with videoGames, movies, anime, and toys.

Living the dream since March 16, 2006

Advertising on destructoid is available: Please contact them to learn more