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Technology Stocks : CAWS - Wireless Cable (New and Improved)
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To: helkel who wrote (4377)1/7/1998 9:10:00 PM
From: Gary Youree  Read Replies (1) of 5812
 
From press : The Common Stock of CAI is currently listed on the Nasdaq National Market(R) ("NNM"). As previously reported by CAI, its listing on the NNM had been under review by Nasdaq as a result of CAI's being out of compliance with the net tangible asset listing requirement>>>
****
On August 22, 1997 the Commission approved revisions to the listing
requirements for the NASDAQ SmallCap Market. Among the changes approved
are continuing listing standards that require that (i) listed companies
have either net tangible assets of $2 million, a market capitalization of
$35 million, or have reported $500,000 of net income in two of the last
three years, and that (ii) listed common stocks maintain a minimum bid
price of $1.00. The existing NASDAQ requirements for stockholders' equity
of $1 million, and the alternative of stockholders' equity of $2 million
in lieu of a $1.00 bid price, were eliminated. The revised continuing
listing requirements are effective February 22, 1998.
***
And those are the rules of the Small Nasdaq. Notice (i) are 'or's" and (II) is 'and's".

I dont know what the requirements are (were) for Full Nasdaq. What ever they were (tangable assests) Cai didnt have them.
Bet the volume is up tomorrow.
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