Acclaim in Danger of Being Removed from the NASDAQ Market
What? We're not good enough for you anymore? This seems to be what Acclaim is asking NASDAQ as the company has been issued an extension until January 20, 2004 to bring its stock back up to $1.00. If the company fails to do so it will be delisted from the NASDAQ SmallCap Market. If Acclaim is unable to meet the requirements it may still receive another 90-day extension if NASDAQ feels the company is providing indications that it will soon meet the standard. However, if Acclaim is completely delisted from the market it would prove disasterous for the company and any current stock holders. PSX Extreme will keep you posted as more information develops.