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Microcap & Penny Stocks : LOCKC

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To: Dominique S. Alvieri who wrote (76)10/13/1997 8:06:00 PM
From: Chi-X   of 105
 
17:40 Alert: SAF T LOK SAYS HAS AGREEMENTS IN PLACE TO KEEP NASDAQ LISTING

10/13 - Saf T Lok Inc said Monday it had obtained the capital it needed to stay listed on the Nasdaq market for small companies. Saf T Lok said in a statement it had obtained a private placement to increase its shareholders equity to the level required by the market. Earlier on Monday, the Nasdaq Smallcap market said the maker of safety lock for firearms was not in compliance with its listing rules. The company had until October 15 to comply, it said. Saf T Lok did not say how much the placement was worth or from whom it had obtained it.


Cheers,
Chi-X hath Spoken!


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