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Technology Stocks : Information Architects (IARC): E-Commerce & EIP
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To: Robert K. Sims who wrote (3160)11/8/1997 2:45:00 PM
From: Jeffrey S. Mitchell  Read Replies (2) of 10786
 
Re: NASDAQ status

Robert, waiting for NASDAQ reminds me of waiting for a verdict on Court TV. You can sit and analyze this thing to death but you really never know what the jury is thinking. So, when reading the following, I wouldn't draw any other conclusion other than things are "active".

ALYD Fed X'd the actual check for the NMS listing on 9/19. NASDAQ lists the "official" filing date as 10/6. This gap has engendered much behind the scenes discussion but suffice to say it doesn't matter if ALYD has a Fed X receipt or not; NASDAQ's official filing date is whatever NASDAQ wants it to be.

It only took NASDAQ a week, 10/13, to make their first comments-- a good sign the account was not gathering dust. ALYD got the requisite paperwork back to NASDAQ on 10/17. Ten days later, on 10/27, NASDAQ came with their second set of comments. ALYD got that stuff formerly returned to NASDAQ on 10/30.

Someone who called NASDAQ was told that the minimum time is six weeks from the filing date for a decision, with the process usually taking eight weeks. Six to eight weeks from 10/6 makes 11/17 to 12/1.

Now: a) there may actually not be a minimum waiting period for all I know, b) NASDAQ could conceivably cut ALYD some slack if they can prove they mailed their application earlier, and c) NASDAQ has the right to do whatever NASDAQ wants to do, anyway.

Conclusion: Like Smallstocks wrote, everything is perfectly on schedule and no red flags at all have been raised. I do have some knowledge about what questions were asked and I can assure you they were procedural things, i.e. of the cross the 't' and dot the 'i' variety.

I hope that qualifies as "good" news!

- Jeff
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