ACMI - Accumed Inc. Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Biotech / Medical : ACMI - Accumed Inc.

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Sigmund who wrote (1472)	2/24/1998 12:29:00 AM
From: Frank Buck	Read Replies (1) of 1894

Sigmund, AccuMed presently has about $3,405,000 in net owners equity without the new financing announced today. The additional $4,700,000 increase of net tangible assets should put the combined total @ $ 8.1 M ...or about 16% higher than the $7 M required by Nasdaq. Nasdaq really raised the bar substantially as I believe the old requirement was at about $4 M in net tangibles. If that is the case... then Nasdaq has asked for a 75% increase (year to year). As previously mentioned Nasdaq is trying to maintain a higher level of clientele. AccuMed is not alone in scrambling to meet this considerably higher requirement. Cary...I am glad you clarified with management that there would not be a restatement of earnings for Q-2 or Q-3 of '97.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next