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Technology Stocks : Data Race (NASDAQ: RACE) NEWS! 2 voice/data/fax: ONE LINE!
RACE 345.23-2.6%Jan 16 9:30 AM EST

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To: WHL who wrote (28655)5/1/1998 2:07:00 PM
From: Marshall  Read Replies (2) of 33268
 
Say Bill - some specifics on NASDAQ listing requirements/procedures:

Some believe the word "Delisting" means totally dropped from the NASDAQ,
the more proper explanation would be "moved to the NASDAQ Small Cap Market."

$1 minimum bid price:
"A company is not in compliance with this requirement when its stock drops below $1 for 30 days. The company will be notified of delisting procedings unless the stock closes at $1 or more for 10 consecutive days within 90 days of falling out of compliance."

In other words, people shouldn't be placing RACE in the small-cap system too soon,
looks like it takes 120 days before anyone even says anything.
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