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Technology Stocks : SYQUEST
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To: David W. Taylor who wrote (7092)9/2/1998 9:30:00 AM
From: Dale Stempson  Read Replies (2) of 7685
 
Re: Delisting

David, to help answer your question - here's a snip from SyQuest's recent 10-Q that outlines the NASDAQ $1 listing requirement:

_________________________________________

POTENTIAL LOSS OF NASDAQ LISTING

The continuing listing requirements for inclusion on the Nasdaq National Market require that the Company's securities trade at over $1.00 per share. If the Company's common stock closes below $1.00 for 30 consecutive trading days, the Company will likely receive notification from Nasdaq that its common stock will be delisted from the Nasdaq National Market unless the stock closes at or above $1.00 for at least 10 consecutive trading days during the 90 day period following such notification. In addition, there are other minimum listing requirements that the Company must continually satisfy.

Delisting from the Nasdaq National Market could adversely affect the liquidity and price of the Company's common stock. Moreover, investors may find it more difficult to dispose of or to obtain accurate quotations for the Company's common stock because the bid and asked quotations would be reported on an electronic bulletin board such as the OTC Bulletin Board or similar quotations medium.
_________________________________________

For more info on all the listing rules, you can go to the NASDAQ website.

Regards - Dale
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