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To: Anthony@Pacific who wrote (56028)	5/11/2000 11:38:00 AM
From: StockDung	Read Replies (1) of 122087

Nasdaq May Drop K-Tel Listing .c The Associated Press PLYMOUTH, Minn. (AP) - Music retailer K-tel International may be delisted from the Nasdaq Stock Market because it doesn't meet certain minimum requirements. The Plymouth-based company has until May 22 to develop a plan for getting back into compliance, company spokesman Steven Kahn said Wednesday. The company no longer meets the minimum $50 million market capitalization or total assets and total revenue requirements for continued listing on the Nasdaq Stock Market. Market capitalization is the stock price multiplied by the number of shares outstanding. Kahn said the news doesn't mean the company is in financial trouble. ``Basically, our stock needs to trade at about $5 a share to meet the $50 million market cap,'' he said. On Wednesday, shares fell $1.75 to $2.25 in trading at 4 p.m. on the Nasdaq Stock Market, well off its 52-week high of $11.75. K-tel might consider raising capital through a private placement by selling shares to a limited number of investors, Kahn said. Two years ago, the company also faced delisting when it fell below the requirement of having $4 million in net tangible assets. Kahn said that when the company appealed, it met the listing standards and was allowed to continue trading. ``It's something that we're concerned about,'' Kahn said. ``We certainly want to continue to trade on the Nasdaq market.'' K-tel markets and distributes entertainment and consumer products worldwide. On the Net: K-tel: ktel.com. AP-NY-05-10-00 1814EDT

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