Colossal Resources - CLPZF - Colbalt in Zambia Message Board

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Gold/Mining/Energy : Colossal Resources - CLPZF - Colbalt in Zambia

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To: kfdkfd who wrote (362)	9/19/1997 5:27:00 PM
From: Dick Roy	of 501

The next milestone is the next quarterly financial report. Noticed the "churning" but, hey, it's good to see the volume. My main concern about this stock now is the new NASDAQ listing rules: (see their web site www.nasdaq.com) requiring various things including a minimum one dollar bid price to maintain one's listing. I saw on MSNBC a couple of weeks ago that delisting can occur if price drops below $1.00 for 30 consecutive days. I suppose the upside is that Colossal will have to scramble to ensure bids remain safely above $1.00 and presumably they will do their utmost, but as you say, the sales figures will now do the talking.

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