So long, "Atari".

Video game publisher Atari announced that it will seek approval from shareholders to effect a one-for-ten reverse stock split, in an attempt to raise the company's sagging $0.50 share price above the Nasdaq's $1 minimum requirement for continued listing.

In addition to the stock split, the company is also asking for shareholders' approval to reduce the company's outstanding shares to one-tenth their current number.

You can split stock all you want, but at the end of the day, you can't polish a turd. Luke Plunkett

Atari to Effect 1-for-10 Reverse Split to Boost Share Price [digitalmediawire]

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