Majesco CEO Sells 73.6K Shares

Majesco has been having some troubles lately. They closed at about .56 cents a share on Monday. The company faces possible delisting from the NASDAQ if they can’t pick up their stock past $1 a share for ten consecutive trading days. Unfortunately, they only have until August 30th to do it.

Keep in mind that this does not mean the company is gone, but their stock will probably go to OTCBB (over the counter bulletin board sheets) and their stock isn’t traded on the NASDAQ or the NYSE.

[via Guru Focus]