WPT Faces Bad Beat on Stock Exchange

The World Poker Tour Enterprises may lose its listing on NASDAQ according to recent reports. The company’s stock dropped below the NASDAQ min limit of $1, where it stayed for 30 days. The WPT stock closed at $1.04 on the first of July, and has been at under a dollar ever since. If the WPTE performs a reverse stock split the number of shares would be reduced by half, which would double the value of the individual shares. If they performed such a maneuver as of this writing the stock would be up to $1.62.