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Microcap & Penny Stocks : FAMH - FIRAMADA Staffing Services
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To: JIN CHUN who wrote (8323)3/27/1998 1:55:00 AM
From: JIN CHUN  Read Replies (1) of 27968
 
From the 4300 series rules concerning listing requirements on the national NASDAQ exchange:

"(B) A failure to meet the continued inclusion requirements for minimum bid price and market value of public float shall be determined to exist only if the deficiency for the applicable criterion continues for a period of 30 consecutive business days. Upon such failure, the issuer shall be notified promptly and shall have a period of 90 calendar days from such notification to achieve compliance with the applicable continued inclusion standard. Compliance can be achieved by meeting the applicable standard for a minimum of 10 consecutive business days during the 90 day compliance period."

IMO, FAMH already meets or will meet every other requirement for
INITIAL listing on the exchange. After the merger, it seems that they will have plenty of time to comply with the minimum bid price.

Jin.
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