It's not just any problem, it's a big problem. Getting delisted from the NYSE spells certain doom for the already troubled publisher. The NYSE requires that your shares maintain a minimum closing price of $1. Midway failed to meet this requirement and has been delisted as a result.

This was a long time coming, and isn't terribly surprising after the recent news that Midway had filed for Chapter 11 bankruptcy. On top of that, there are rumors that Midway has left the Entertainment Software Association. This has not been confirmed by either party, but Midway is currently missing from the group's list.

There's still some hope though. The US Bankruptcy Court for the District of Delaware has allowed the publisher to utilize its cash to maintain operations(pending a final hearing).

Sad smiley.

Well, if the were delisted it probably has more to do with the bankruptcy than the stock price. If your stock price goes under $1, you would normally just do a reverse-split with your stock. Which basically means if you own 2 shares of stock. Midway turns that into 1 share of stock, and the price doubles. It's a bit more involved than that, but that is a normal practice.

In Midway's case, because they are in bankruptcy their stock probably can't be traded. So they had to delist them until it's settled.