Mad Catz is delisted from the New York Stock Exchange, one more blow to the company, which is in a bad enough moment that it could lead it to close its doors.

The company Mad Catz Interactive, has been dragging liquidity problems for a long time and its sales have fallen a lot in recent times. The last of its problems has been being excluded from the New York Stock Exchange, due to the fall in the price of its shares, which had fallen to six cents per share. This hard blow could be the last straw for the company, which has seen the sale of its shares immediately suspended.

Mad Catz has not been caught by surprise, in this fall, as he knew of the problem, withdrawing the shares from the NYSE before this body removed the listing of its shares. The company has seen its shares fall to six cents on the dollar, but the problem is that the NYSE states that a share must have a minimum price of one dollar for at least thirty consecutive days or it will automatically be withdrawn from the company. quotation.

We may be facing the end of Mad Catz, a company that has been characterized by offering quality and different peripherals, although with a problem, the price, far from the reach of the general public, so it left a narrow market share and plans expansion have not been entirely good. The company for a few months has seen its workforce reduced by 40% and the thing could end in the closing. Selling Saitek, a subdivision to Logitech for $ 13 million, is an example of the company's bad times, which has a rather dark future.

[quote bcolor=»#dd3333″]“Mad Catz Interactive, Inc. announced today [yesterday Friday] that it has received notice that due to the “abnormally low trading price” of its common stock, the staff of NYSE MKT LLC Regulation has determined to initiate proceedings to delist the Company’s common stock pursuant to Section 1003 of the NYSE MKT Company Guide. NYSE MKT has also suspended trading in Mad Catz common stock effective immediately.”[/quote]

Source: Gamasutra