The proposed stock split would reduce the outstanding shares to one-tenth their current number, and by doing so, should result in a per share market price well above the $1.00 per share Nasdaq minimum bid price requirement." The move will require stockholder approval. Atari's chairman (and Infogrames founder) Bruno Bonnell comented of this move: "While Atari has not been assured that the reverse stock split will ensure reversal of that staff determination, even if the determination were not reversed and trading was moved to the Nasdaq Capital Market, continued eligibility for trading in that market would require that the market price of Atari's common stock be above $1.00 per share." The next major milestone for Atari is its earnings for the latest financial quarter, which will be released after market close on Thursday.