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Mad Catz Lawsuit

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Mad Catz Lawsuit
In a GameIndustry.biz article, Matthew Hanadrahan discusses Mad Catz, an entertainment company, decision to initiate a reverse stock split so they would continue to be listed on the New York Stock Exchange (NYSE). With stock price dropping from $0.15 to $0.13 over the past week, the company is having trouble meeting the requirement that the stock price needs to show marked improvement to stay listed on the NYSE. Some shareholders have noted that they do not believe a reverse stock split would be the most secure move for the company due to the negative working capital. The company is also facing a supply shortage, which has led to a decline in cash flow. This decline in cash flow has led to restructuring process, which reduced the number of
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