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Majesco Back In The Black On The NASDAQ Track

Majesco Back In The Black On The NASDAQ Track

April 6, 2009 | By Chris Remo

April 6, 2009 | By Chris Remo
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After being threatened with being delisted from the NASDAQ, Cooking Mama publisher Majesco has regained compliance with the New York-based stock market.

Last August, the New Jersey publisher was notified that, because its stock price had remained under $1.00 for 30 days, it would be delisted from the NASDAQ if it could not keep above the minimum for ten consecutive trading days.

Having achieved that goal, Majesco, which this week debuted Major Minor's Majestic March from Parappa the Rapper creative team Masaya Matsuura and Rodey Greenblat, has now triumphantly announced that it is back in the NASDAQ's good graces.

More importantly, this news means the New Jersey-headquartered publisher will be able to continue trading under the remarkable stock symbol COOL.

The company will celebrate the fourth anniversary of the birth of its COOL on April 11. When it first registered the symbol, then-CEO Carl Yankowski extolled its deep metaphorical implications and connection to the Majesco name.

Said Yankowski at the time, "We believe that the name Majesco Entertainment Company is indicative of our strategy to provide innovative and appealing digital entertainment products to the consume. Furthermore, we believe our new ticker symbol COOL represents the unique culture and innovative spirit of Majesco."


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