Covalent Group Inc (CVGR) an undiscovered CRO Message Board

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Biotech / Medical : Covalent Group Inc (CVGR) an undiscovered CRO

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To: Gurupup who wrote (12)	10/9/1997 11:59:00 PM
From: Clayleas	of 107

Review of NASDAQ Small Cap Requirements for Listing vs. CVGR 1. Net Tangible Assets - NASDAQ Req.: $4MM CVGR: $3.8MM or Market Cap. - NASDAQ Req.: $50MM CVGR: $55MM or Net Income - NASDAQ Req.: $750M CVGR: $581M (fy 1996) Passes on Market Cap. for initial listing. (Other two figures are above minimum required to retain listing.) 2. Public Float - NASDAQ Req.: 1MM CVGR: 5.9MM Passes 3. Market Value of Public Float - NASDAQ Req.: $5MM CVGR: $26MM Passes 4. Min. Bid Price - NASDAQ Req.: $4 CVGR: $4 7/16 Passes 5. Market Makers - NASDAQ Req.: 3 CVGR: ? Probably Passes 6. Shareholders - NASDAQ Req.: 300 CVGR: ? Probably Passes 7. Operating History - NASDAQ Req.: 1 yr. CVGR: 8 yrs. or Market Cap. - NASDAQ Req.: $50MM CVGR: $55MM Passes Both Requirements 8. Corp. Governance - NASDAQ Req.: Yes CVGR: Yes Passes Based on these, we should have no problem getting listing. Jim

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