As current employees of Midway Games can tell you, when your owner sells you his 87% stake in the company for $100K to some random investor, things aren’t going well. Sensing that Midway was doomed, shareholders decided to sell, sell, sell their stock in the company and use their earnings to buy lunch at Burger King.

Since the sale Midway’s stock has done what would have seemingly felt impossible: sink further, to an all-time low of 23 cents. That is a 40% drop off since Monday.

This seems like the threat of Midway’s delisting from the New York Stock Exchange seems all but certain to happen now, and maybe that’s for the best. A massive restructuring of the company, while sloppy and will surely lead to some fine people being on the unemployment line come New Years, may be perfect for trying to rebuild the Midway name.

…or maybe they’re boned, who can say?

Popularity: unranked [?]