Majesco has done it. They stuck with their Wii/DS strategy, and now it’s paid off. Congrats to Majesco for a job well done!
On March 30, 2009, Majesco Entertainment Company (the “Company”) received a letter from the Nasdaq Stock Market (“Nasdaq”) indicating that the Company had regained compliance with Marketplace Rule 4310(c)(4) as the closing bid price of the Company’s common stock had been at $1.00 per share or greater for at least 10 consecutive business days. The letter further stated that the matter was closed. The Company had previously received a notice of potential delisting from Nasdaq on August 22, 2008.