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To: drakes353 who wrote (745)	1/17/1998 9:08:00 AM
From: Brad Davies	of 1521

Drakes, thanks for the further information on listing requirements. What I take from the 10Q (which you may presume was prepared by a lawyer), is that NASDAQ will not stricly enforce its own guidelines and delist non compliant stocks. Rather, they will give them as much time as they ask for to make themselves compliant. Remember, NASDAQ is not a government agency. Their concern is for their members... The dealers. They could care less about investors, and one should never trade on the expectation that they will ever do anything to harm their dealers to protect investors. I am surprised that their listing requirements include a minimum bid price. Are they saying an operating company should manipulate its share price in order to maintain a listing? Say it aint so.. Regards, Ron

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