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Strategies & Market Trends : Shorting stocks: The root thread

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To: Q. who wrote (10)	6/7/1997 3:59:00 PM
From: George McMeen	of 41

only 1 million in NTA if no losses > Both NYSE and NASDAQ National Market require that listed companies maintain their net tangible assets above a certain threshold. For Nasdaq it is $4 M, from Nasdaq site nasdaq.com footnote: Issuers are required to maintain $1 milion in NTA or $2 million if the Issuer has had losses in 2 of the most recent 3 years or $4 million if losses in 3 of the most recent 4 years. it is unclear what is meant by "losses" I assume it means an loss for the year instead of a loss in anyone of the quarters etc. . . for example, a stock I follow DSYT (Dorsey Trailers) went public in 1994. EPS 1.53 .85 (.99) 12/94 12/95 12/96 their NTA is: stockholders' equity $137,000 as of March 30th. stockholders' equity $5,615,000 on Dec 30th in one quarter, they fell under their $1 million requirement. (if I remember correctly, because they sold off a bunch of used semi-trailers for lot less than what they had valued them on the books. interestingly, they sold the trailers to company owned by the president who controls something like 40 - 50% of the stock.) delistment soon? Cheers. George

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