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Microcap & Penny Stocks : PFCK Gets $50 million cash infusion
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To: Randall E Westberg who wrote (78)3/21/1998 12:11:00 AM
From: gLondahl  Read Replies (4) of 716
 
Here's a summary of current listing requirements for
NASDAQ Small-Cap Market..

Initial Listing Requirements:

* $4 million total assets
* $2 million total stockholder equity
* Public float of 100,000 shares
* $1 million market value for the public float
* 300 shareholders
* $3 minimum bid price
* At least two market makers
* Registration under Section 12(g) of the Securities
Exchange Act of 1934 or equivalent

Maintenance Requirements:

* $2 million in total assets
* $2 million in total stockholder equity
* A public float of 100,000 shares
* A $200,000 market value for the public float
* 300 shareholders
* $1 minimum bid price (if the $1 minimum is not met,
qualification will continue if the value of
the public float is at least $1 million and
capital and surplus is at least $2 million)
* At least two market makers
* Registration under Section 12(g) of the Securities
Exchange Act of 1934 or equivalent

That gives us an idea of some of what they're set out to
accomplish. Since the Hawthorne Group came into the picture
on Feb. 18th things have been happening fast. The numbers
are staggering and the players impressive. I think we've
seen the last of $1/sh. I took some more shares today at
four times the price of my initial investment.





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