14 Penny Stocks Get Delisting Warning
GameTech International (GMTC) shares last closed above $1 on June 21. Trading volume increased in the first few days of August shortly after the company named Bill Fasig chief executive officer, replacing Floyd "Bud" Glisson.
Company Profile: GameTech designs, develops and markets electronic bingo systems consisting of portable and fixed-based systems, and manufactures and sells video lottery terminals. GameTech is based in Reno, Nev., and has 190 employees.
Closing Price: 37.4 cents (Sept. 1)Three-Month Stock Performance: -76.7% Received Nasdaq Notice: Aug. 3 Management's Expected Action: GameTech said in a regulatory filing that is has until Jan. 31 to regain compliance with the minimum bid price requirement, adding it will "consider available options to resolve the minimum bid price deficiency. However, there can be no assurance that the company will be able to regain or maintain compliance with the minimum bid price rule or other listing criteria or that an appeal, if taken, would be successful."
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