The Atari Group (PONGF)

[AJ Freely]

$PONGF - Atari - Preorders Now Open for Atari’s Limited Edition Mr. Run and Jump Atari 2600 Cartridges
👉Current Price $0.14

[loanshark007]

https://www.globenewswire.com/news-release/2023/04/26/2655497/0/en/ATARI-UPDATE-ON-ATARI-USA-OTC-MARKETS-LISTING.html

UPDATE ON ATARI USA OTC MARKETS LISTING

PARIS, FRANCE (April 26, 2023 - 6.45 pm CET) - Atari® — one of the world's most iconic consumer brands and interactive entertainment producers — is announcing today an update with regards to its listing status on OTC Markets in the United States of America (under ticker: PONGF).

After review of new rules and regulations adopted in the United States of America and the OTC Markets listing requirements, Atari SA announces that it has received approval from the OTC Markets Group on its application to move to the OTC Pink Current market, effective as of April 26, 2023. Atari is now current with required mandatory filings.

Atari shares have been listed on US OTC Markets since October 2018 under ticker PONGF.

[loanshark007]

So in a nutshell, a lower tier market limited to Paris only, dilution and a possible R/S?

[loanshark007]

Same here.

Can't sell the stock or buy warrants

It all looks ugly.

https://finance.yahoo.com/news/atari-announce-various-steps-consolidate-070000464.html

https://finance.yahoo.com/news/atari-launches-share-capital-increase-070000095.html

https://finance.yahoo.com/news/proposed-transfer-listing-atari-securities-070000324.html

[FunkyT]

I just received Atari warrants. Same amount as I had shares. Anybody know anything?

[loanshark007]

What's the story here?

[loanshark007]

I might be wrong on the R/S.

1:4 capital raise for existing shareholders(French since we can't buy) at a discount of EUR .1640? For a total of 76,506,857 new shares?

[loanshark007]

R/S confirmed. Haven't seen it posted here yet. POS

[loanshark007]

Exactly! Thought they would have had the VCS linked to decentraland, sandbox, coin exchanges, coin wallets etc. Opportunity lost, sad.

[lordgod]

It’s amazing that this company did nothing at all. Shocked I am. They should had just done a crypto game on their system

[CashCowMoo]

Atari has been a huge let down

[starkd748]

They need to get current get the ce off

[FunkyT]

https://www.google.ca/amp/s/www.zawya.com/mena/en/story/amp/SNG_280489987/

[Snide Sniper]

01/11/2022 and we're down another .08 to .41....

[Snide Sniper]

How is this at .49? Ridiculous.

[FunkyT]

I think we are current

[i will make you rich]

Shorts in trouble , they will be pink

[CashCowMoo]

damn!

[StockLogistics]

It means the stock is less than pink limited status and 99% of investors can’t buy the stock imo

[CashCowMoo]

what the heck is the expert market

[StockLogistics]

This stock is being pushed on Reddit and it can’t be traded due to being on the expert market

[StockLogistics]

Expert market

[StockLogistics]

6 month consolidation ends on 11/15 imo

[CashCowMoo]

Dont know man. I was pretty excited last winter into spring for this to become something energized by the end of this year, but its kinda been a dud so far.

[dutchie64]

Whats up here? nice move today.

[CashCowMoo]

If you guys look up PONGF on Twitter there are a lot of people this weekend talking about it with some other news involved.

[CashCowMoo]

Has anyone been keeping a close eye on actually developments (or lack) with Atari? Last spring I was pretty interested and thought there would be a lot of great news coming out by now. Seems like it kind of stalled out and I havent really dug into it much. Just been watching the stock price from time to time go up a little then back down.

[loanshark007]

These PONG assholes had a rare chance and squandered it.

Even with the chip shortage the VCS is sitting on shelves collecting dust while playstation and nintendo are sold out and being scalped if you can find one for sale.

Oh well, now a member of the PONGF bagholders club.

[nssrr5]

Well this has become the worst holding/trade of my life - good luck all. I am gone..............

[nssrr5]

What a spread. What’s going on here.

[nssrr5]

Is there anyone else out there - this just hit .59 and still no bid. Something very strange is happening. I hope its good but these things never seem to be good in the end.

[nssrr5]

Why no bid this morning - I know I am posting to myself as there is no one here to answer.

[nssrr5]

It’s getting close to take my loss and move on time. Nothing from the company - money to be made elsewhere. This one totally blows and has ruined earlier gains in the year.

Live and learn.

[nssrr5]

Is the company ever going to give us any flipping news

[nssrr5]

Well damn I was hoping .50 would hold.

[nssrr5]

Yup

[monte379]

The market always seems to know before us little guys

[monte379]

That’s what I was thinking too. LOL

[nssrr5]

Over 600K in volume for the day - way over sold or something good is cooking. Lets get another 16 percent tomorrow. Volume has been up all last week and this. I say something is brewing...

[Snide Sniper]

16% in 1 day and only 580,000 shares traded for a stock that is less than $1?

What in the world is going on here....

[nssrr5]

Any news out there I am missing?

[nssrr5]

Well it’s nice to have the bid and ask up above closing price for a change.

[nssrr5]

Let’s hope

[StockLogistics]

Hoping for good news and return to .90 imo

[nssrr5]

Good Morning all. Here is to hoping this is getting better.

[nssrr5]

Nice volume again today.

[nssrr5]

This is the most volume we have had in a while in the first 30ish minutes of trading but it looks like nothing more than a dump. This is painful for me. I am down huge here.

[nssrr5]

When will this pain end. Ugh.

[nssrr5]

This could hit a few bucks by the holidays with a little good news.

[nssrr5]

No doubt. I am just going to wait it out.