"This close below $4 kinda spoils the string of closes pre-requisite for NASD listing..."
Not necessarily. If you read the Reader's Digest condensed version of the listing rules, you might think so. But, if you dig into the actual regulations (I did- boring beyond belief), you'll find that there are many other possibilities and scenarios that can take place. Also, if I'm not mistaken, the long-winded version of the rules regarding the closing price state "the average daily closing price..."
In any event, I've not heard anything to confirm that a listing is a priority at this time with EISQ. Doesn't mean it isn't. (and I would think that the other entities, ie., HP, Oracle, BlueStone would prefer it) But, regardless of the intent, EISQ will have to submit their 10Qs and 10K to become "reporting" before applying for any listing. Someone posted on RB that they thought that EISQ's reporting status would be based on their previous ticker {RFID- ??} which would make them delinquent by the end of March. I don't know. Also, another poster who seems to be in contact with the company on a regular basis has stated that "You can expect EISQ to file with the SEC in the next two weeks..." and that is dated 2/14/00. Certainly bears watching as the "E" could place a stigma on EISQ , or, create a wonderful buying opportunity. Depending on your point of view of course<gg>. JMHO
Theo;-) Holding and buying on dips |
