Forum:GRAVITY's Deficient Stock Problems

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ZeroTigress [Lorekeeper] 23:56, 2014 August 5‎ (UTC)

Adding on to the costly blunders of Ragnarok Online II in addition to official Ragnarok Online servers being kept severely outdated in terms of updates from kRO for some reason, GRAVITY was served a letter from NASDAQ about the poor performance of the company's stock. "[...]the Company failed to comply with the minimum bid price requirement for continued listing set forth in Nasdaq Stock Market Rule 5450(a)(1), as the bid price of the Company's American Depositary Shares ("ADS") had closed for 30 consecutive business days below US$1.00 per ADS. In accordance with Nasdaq Stock Market Rule 5810(c)(3)(A), the Company has a grace period of 180 calendar days, or until November 24, 2014, to regain compliance. The notification advises that such compliance can be achieved if, at any time before November 24, 2014, the bid price of the Company's ADS closes at US$1.00 or more per share for a minimum of 10 consecutive business days." Source: Press Release Network What does this mean? It means that GRAVITY's stock has been doing so poorly that barely anyone wants to invest in it. And who could blame them, what with the continuing neglect of RO in favor of smalltime mobile games based on the IP and the utter maiming of RO2 to the point they chased off their entire home playerbase in Korea and then some in iRO2. Will they ever recover? Or will they go bankrupt first? We'll just have to wait and see. Resident Lorekeeper of Ragnarök 常驻民俗學者的仙境傳說