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Microcap & Penny Stocks : AWLT wines and gourmet food - Italy Direct
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To: TLWatson59 who wrote (626)3/15/1998 9:15:00 AM
From: Slim Pickens  Read Replies (3) of 2595
 
TLWatson59,

You said:
"I have seen a number of claims by other companies for this type of asset valuation rejected by the NASDAQ as not qualifying under their acceptable accounting principles."

Then Jeff wrote over on the Araldica board:

Matt, TLWatson 59 on the SI thread has concerns of nasdaq allowing the 5million worth of commercials to be included as part of araldicas assets. Another company (ALFN) announced yesterday they were purchasing T.V.time to increase its asset base which will move them closer to their goal of filing for nasdaq exchange listing in Q2.

I checked and ALFN did put out a press release to that affect.

My question is can you be more specific? What other companies have had this type of asset valuation rejected by the NASDAQ?

Slim
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