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Biotech / Medical : Neurobiological Tech (NTII)
NTII 0.00010000.0%Mar 7 3:00 PM EST
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To: Dr. John M. de Castro who wrote (206)12/23/1997 9:25:00 PM
From: JMarcus  Read Replies (1) of 1494
 
NTII is being demoted to the NASDAQ SmallCap Market:

Dow Jones Newswires -- December 23, 1997
Neurobiological Tech To Be Delisted From Nasdaq Natl
Mkt

RICHMOND, Calif. (Dow Jones)--Neurobiological Technologies Inc.
(NTII) will be moved from a listing on to the Nasdaq SmallCap Market
effective Dec. 26, from the Nasdaq National Market.

In a press release Tuesday, Neurobiological said its common stock will be
listed on the SmallCap Market under an exception to the initial net tangible
assets requirement and a waiver to the initial per share bid price
requirement.

Neurobiological failed to meet the tangible assets requirement as of June 30,
but was granted a temporary exception from the standard, subject to
meeting certain conditions. The exception will expire on Jan. 15, 1998.

The company will be required to meet the $1 a share bid price requirement
for continued listing by Jan. 15, 1998.

If the company fails to meet SmallCap requirements, it may continue to be
listed on the Bulletin Board.

Effective Dec. 26, and for the duration of the exception, the company's
Nasdaq symbol will be "NTIIC."

Neurobiological's stock closed unchanged at 7/8.

Neurobiological Technologies is a drug development company.
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