Acclaim Threatened with NASDAQ De-listing

Acclaim representatives have been served with documents from NASDAQ regulators indicating that if the market value of the company does not increase by 18th August the company risks being de-listed from trading for non-compliance with NASDAQ marketplace rules. If the company is de-listed, trading of stock would be shifted to the OTC (over the counter) bulletin board. The company’s stock closed at $0.19 at the end of trading on Thursday – it must improve to $0.28 or above for the period outlined, to avoid de-listing. Source: gamesindustry.biz