CHDX--US China Industrial Exchange Message Board

STOCKTALK

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.

Biotech / Medical : CHDX--US China Industrial Exchange

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Bill Bishop who wrote (58)	10/11/1998 11:14:00 PM
From: WWS	Read Replies (1) of 77

Bill, CHDX has only about 4.6 mm shares outstanding with a float of about 3.4 mm. Thus market cap is below 4 mm. With share price below $1 CHDX does not qualify for continued listings on NASDAQ small cap. However, they just have to trade above $1 for 10 consecutive days to reset the NASDAQ delisting countdown clock. And this achievement (ie, 10 days above $1/share) must occur w/in 90 days of being notified by NASDAQ of being out of compliance with continued exchange listing. When NASDAQ notifies a company of noncompliance with this rule is not a hard and fast rule, but the affected company need not do a press release if they receive such a "possible delisting" notice from NASDAQ. I'm betting that the sell-off in HK and China has reversed. See the following graphs that line up CHDX with two close-end China mutual funds, CHN and JFC. The close-end funds started to rebound at the end of August, and I'm betting that CHDX will not be far behind them in returning to the upside. This trend is also supported by the recovery of the yen vis-a-vis the dollar, which has taken monetary devaluation pressure off of HKong and China. exchange2000.com

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next