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Microcap & Penny Stocks : Global Intellicom--Symbol GBIT

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To: jacob deutschmann who wrote ()10/22/1998 3:24:00 PM
From: David E. Meyer  Read Replies (1) of 1096
 
Something is not right. The Nasdaq rules are: "If it trades under $1.00 for 30 trading days, MAY be delisted but only AFTER YET ANOTHER 90 day waiting period." The warning letter should have been sent last week if at all thus a 90 day waiting period should be starting not delisting. What is going on here? Has anyone called the SEC, Global or Liberty? I bet there phones are ringing.

Dave
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