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Technology Stocks : Microprose, MPRS
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To: Sleeperz who wrote (52)1/15/1998 12:29:00 AM
From: Bonzo  Read Replies (1) of 633
 
Is anyone else beside me concerned about the very real possibility that MPRS could be delisted from the NMS and sent to the Small Cap Market? The last thing I would want to see is the company doing a reverse split simply to preserve thier NMS status. take a look at todays AKLM article and the possibility that they may be delisted from NMS because thier stock price has been under 5.00!

>>1/14/98 Acclaim Entertainment Warns Of Possible Nasdaq Delisting

NEW YORK -(Dow Jones)- Entertainment-software developer Acclaim Entertainment Inc. said Wednesday that its shares might be delisted from the Nasdaq National Market System next month because of its weak stock price.
Securities listed on Nasdaq will be required to maintain a minimum bid price of $5 a share starting in February. Acclaim said in a filing with the Securities and Exchange Commission Wednesday that it doesn't currently meet that criteria.
So far this month, Acclaim's (AKLM) share price has ranged from $3.59 to $5.19. Wednesday, its shares fell 56.3 cents, or 12%, to end at $4.125 on volume of 1.2 million. Average daily turnover is 695,000.
A Nasdaq spokesman said that if Acclaim doesn't have a price of at least $5 a share by Feb. 23, the company will probably be shifted to the small-cap market<<
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