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Biotech / Medical : Paracelsian Inc (PRLN)
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To: Harvey Allen who wrote (2351)4/13/1997 5:31:00 PM
From: Harold Stone   of 4342
 
Harvey,

You're absolutely correct the short dips below 1.00/share didn't affect its status and it shouldn't have.
The 1.00/share is a valid price to watch because it is one of NASDAQ requirements but not the only one. Market capitalization, available working capital and surplus funds are other tests that are applied.
A company must also meet administrative standards ie: directors, annual meetings etc.

It's been awhile since I reviewed the requirements.I think you can find more information at www.nasdaq.com It seems to me they are in the process of reviewing the present regulations in anticipation of changing them.

Hope this helps.

Harold
PS: You get my vote for submitting the longest URL. I had to use two screens to read it.
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