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Microcap & Penny Stocks : FRANKLIN TELECOM (FTEL)
FTEL 3.040-1.3%2:01 PM EST
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To: topwright who wrote (33126)4/29/1998 9:30:00 AM
From: Ward W. Ward  Read Replies (1) of 41046
 
All, Here is some information regarding various ticker codes that can be applied by the NASDAQ. I assume that the "provisional" listing that has been referred to would mean that the FTEL ticker would include a "C" modifier that would indicate, "exempt from NASDAQ listing qualifications for a limited period."

I believe that even the NASDAQ officials realize that what Meyerson has done was to sabotage the reasonable listing of FTEL on the National Market. I interpret this as a very positive vote of confidence by the NASDAQ.

NASDAQ National Market Issues

All symbols on the NASDAQ start with a four character base. For example: Microsoft is 'MSFT', Intel is 'INTC' and Netscape Communications is 'NSCP'.

After the four character base can come an optional one character modifier. A complete list of these codes can be found in the Wall Street Journal. Some of the more frequent codes are 'C'--exempt from NASDAQ listing qualifications for a limited period, 'E'--delinquent in required fillings with SEC, 'P'--first preferred, 'Q'--in bankruptcy proceedings, 'R'--rights, 'W'--warrants, and 'Y'--American Depositary Receipt (ADR).

We are not getting up to date quotes for non NMS issues on the NASDAQ (ADRs, small cap, OTC). We are trying to rectify the problem.
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