SI
SI
discoversearch

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.
Microcap & Penny Stocks : FAMH - FIRAMADA Staffing Services

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Kurt N who wrote (11884)4/13/1998 11:52:00 PM
From: Little Engine   of 27968
 
Bzzz... correct answer, the way Rule #4330(f) appears to read:

(f) ......Nasdaq shall require a Nasdaq SmallCap Market issuer to comply with all applicable requirements for initial inclusionunder 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.

Seems straightforward enough.

There's a change of control --- power goes from current ATXI board to board made up mainly of FAMH directors.

There's a change in business --- they are turning ATXI into a staffing company.

Not sure of the definition of "changes to the financial structure", but I am willing to bet that would apply as well.

Just the way I read it,
L.E.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext