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.
So in a nutshell, a lower tier market limited to Paris only, dilution and a possible R/S?
Can't sell the stock or buy warrants
It all looks ugly.
I just received Atari warrants. Same amount as I had shares. Anybody know anything?
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?
Exactly! Thought they would have had the VCS linked to decentraland, sandbox, coin exchanges, coin wallets etc. Opportunity lost, sad.
They need to get current get the ce off
It means the stock is less than pink limited status and 99% of investors can’t buy the stock imo
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.
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.
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.
The market always seems to know before us little guys
That’s what I was thinking too. LOL
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...
Well it’s nice to have the bid and ask up above closing price for a change.
Nice volume again today.