NYSE Threatens to Delist Midway Games Over Falling Stock

According to a post on GamesIndustry.biz, The New York Stock Exchange has informed Midway Games that since their stock prices have fallen below the set standard, the company may be up for delisting.

This warning came after the company failed to achieve the minimum closing price of $1.00 per share for over 30 days in a row. In addition, Midway now has only six months to improve share prices to keep from being delisted.

With losses exceeding over $76 million doubled with the fact that Midway has laid off approximately 30 staff members, things look pretty grim for the gaming company. The cherry on top though was when their company chairperson stepped down–which makes you wonder if they can recoup their back luck and financial loses and start anew in 2009.

On the bright side, if you are a gambling man (or woman), and you are looking to get into trading stock, Midway is about as cheap as they come. Who knows, you may get lucky. Then again, you could lose your ass too depending on how much you purchase.

Put me down for 5 shares–I spend that much at McDonald’s once a month anyway. Skipping one month would be no big deal.