Infonautic's In2000: Low Cost Year 2000 Coversion Message Board

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Technology Stocks : Infonautic's In2000: Low Cost Year 2000 Coversion

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To: Louis Riley who wrote (37)	11/13/1998 2:32:00 PM
From: Louis Riley	Read Replies (2) of 206

I just spoke to to Investor Relations spokesman Bob Wright. The basic issue with Nasdaq is that the company falls below the $4,000,000 minimum Net Tangible Asset requirement because of their large $8,000,000 deferred revenue account. This account in required because the company offers a subscription service. the company presented this argument to a Nasdaq panel at a meeting on November 5. Nasdaq's decision as to whether to make an exception for these circumstances may take months.

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