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Microcap & Penny Stocks : FIRAMADA (FAMH) - New 2-19-1998 - RESEARCH Posts ONLY!
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To: CO who wrote (41)3/14/1998 2:16:00 AM
From: Little Engine  Read Replies (1) of 65
 
Cheryl, I've done some research into how Nasdaq would treat this merger... don't see how this gets FAMH on Nasdaq any faster.... it's clear from Nasdaq Rule #4330 (f) that the new company will be held to the same rules as if they were applying for initial inclusion on the board.

<<<<(f) Securities issued in connection with the merger, consolidation, or other type of acquisition of at least one issuer of qualifying securities shall be promptly included in Nasdaq, provided that the conditions of Rule 4310(c) or Rule 4320(e) for securities that have already been included are satisfied. Nasdaq shall require a Nasdaq SmallCap Market issuer to comply with all applicable requirements for initial inclusion under this Rule 4300 Series and shall require a Nasdaq National Market issuer to comply with all applicable requirements for initial inclusion under the Rule 4300 Series and Rule 4400 Series in the event that such issuer enters into a merger, consolidation, or other type of acquisition with a non-Nasdaq entity (including domestic and foreign corporations and limited partnerships), which results in a change of control and either a change in business or change in the financial structure of the Nasdaq SmallCap Market or Nasdaq National Market issuer. >>>>

In the proposed FAMH deal, we've got:

1) "Mystery Stock" merging with FAMH (a non-Nasdaq entity);
2) change in control
3) change in business, and
4) change in financial structure.

Certainly looks like this rule applies!

Complete research helps everyone,
L.E.
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