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Technology Stocks : Quarterdeck: Making a Striking Comeback!
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To: Ron logo who wrote (3101)8/19/1998 9:06:00 PM
From: Mark Boatwright  Read Replies (1) of 3307
 
OH WELL

Did anyone else notice this tidbit in the last 10-K?

The Company was advised by Nasdaq on July 13, 1998 that it was not convinced that the Company could achieve and sustain compliance with the minimum bid price requirement of $5.00 per share required for continued inclusion of the Common Stock on the Nasdaq National Market and scheduled the Common Stock to be delisted. The Company has requested an oral hearing to discuss the Staff's decision and in the meantime, the delisting is stayed pending resolution of the Nasdaq hearing or subsequent appeals. The Company is exploring different steps it may take, including a reverse stock split, to achieve and sustain compliance with such requirements or to meet the listing requirements for and maintain a listing on the Nasdaq SmallCap Market. There can be no assurance that the Company will succeed in convincing Nasdaq that it will be able to meet or continue to meet the listing requirements for the Nasdaq National Market or the Nasdaq SmallCap Market. In the event that the Company's Common Stock is delisted from the Nasdaq National Market and is ineligible to be listed on the Nasdaq SmallCap Market, sales of the Company's Common Stock would likely only be conducted in the over-the-counter market or potentially on regional exchanges. This could negatively impact the liquidity and price of the Common Stock and investors may find it more difficult to purchase or dispose of, or to obtain accurate quotations as to the market value of, the Company's Common Stock.
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