This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Good Times Turn Bad: Delisting Looms

GOLDEN, Colo. ( TheStreet) -- Good Times Restaurants (GTIM - Get Report) is in danger of being delisted by the NASDAQ, as its share price as closed below $1 for 30 consecutive days.

Good Times Restaurants operates the fast food chain Good Times Burgers & Frozen Custard -- hamburger-oriented, drive-through restaurants in Colorado. It also has franchised restaurants in Idaho, North Dakota and Wyoming.

The Colorado-based company said it received warning from the NASDAQ July 19 that it had 180 calendar days, or until January 18, 2011, to regain compliance and avoid delisting. To do so, its common stock must close at or above $1 per share for a minimum of 10 consecutive business days anytime before the January deadline.

>>Search for Highest Dividends by Rate or Yield

Good Times' stock closed below $1 from June 4 through July 21. On July 22 the stock closed at $1.

"If our common stock does not trade at a level that is likely to regain compliance with the NASDAQ requirements, our Board of Directors will consider whatever options may be available to us to achieve compliance," Good Times said.

Trading of Good Times shares was halted Friday afternoon after the company released a statement about the potential delisting.
1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
GTIM $3.09 0.00%
AAPL $93.74 0.00%
FB $117.58 0.00%
GOOG $693.01 0.00%
TSLA $240.76 0.00%


Chart of I:DJI
DOW 17,773.64 -57.12 -0.32%
S&P 500 2,065.30 -10.51 -0.51%
NASDAQ 4,775.3580 -29.9330 -0.62%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs