Once a respected publisher, Majesco’s last years have been over the edge. Facing a similar problem in 2007, US publisher Majesco has 180 days to raise their shares over $1 or it will be taken of the Nasdaq stock exchange list.
The company has spent over 30 days under the $1 barrier and has therefore been handed the warning. If that period would be over, Majesco could ask for another 180 days, after that…
Lets hope they can sort themselves out. Official info, here.
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