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Microcap & Penny Stocks : GROS- Grossman's: A $.70 value play

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To: RACm who wrote (148)7/22/1997 9:13:00 PM
From: Phil Melemed   of 174
 
NASDAQ is "delisting" GROSQ:
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GROSSMANS said its common stock will be delisted from the NASDAQ National Market starting Wednesday July 23. The company said that NASDAQ has informed it that its shares were being delisted in light of its April filing under Chapter 11 of the U.S. Bankruptcy Code, and its failure to meet requirements for net tangible assets and minimum closing bid prices. Grossman's added that its shares may be quoted on the OTC Bulletin Board or in the National Quotation Bureau "Pink Sheets," subject to certain conditions. (Reuters 05:32 PM ET 07/22/97)
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