As reported by Gamasutra, the New York Stock Exchange is in the process of having Mad Catz, a company responsible for gaming peripherals, removed from trading, as the company's stock is said to have an "abnormally low" value, which is the reason for it being removed.
Back in January, Mad Catz said they'd been warned this would happen if they didn't increase the company's stock value, and now the threats are being carried out. Back then the stock was traded for $0.15 USD, and instead of increasing, it's decreased to $0.02 after two months.
The company is still a publicly-traded concern, being traded on the "OTC Pink" U.S. financial market, but still, things aren't looking too good for Mad Catz, who had a rough 2016 with a loss of $11 million and massive redundancies.
Are you still a fan of Mad Catz products?