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Technology Stocks : CSGI ...READY FOR TAKE-OFF!
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To: feltburner who wrote (2084)1/7/1998 4:24:00 PM
From: tech  Read Replies (4) of 3391
 
felt -

here are the requirements.
nasdaq.com

*note what it says at the bottom

>>For initial or continued listing, a company must satisfy one of the following to be in compliance: the net tangible assets requirement, (net tangible assets means total assets, excluding goodwill, minus total liabilities) the market capitalization requirement or the net income requirement. <<

They waited until they met the tangible asset requirement. (which the $5.1 million prescription gave them)

I suspect that since market cap can be influenced by share price, it is safer for a company to meet the asset requirement as well and not only depend on the market cap.

I think that is why they waited until they met the asset requirement.

however, you may want to ask ConSyGen.
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