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Non-Tech : MILLIONAIRE. COM........( MLRE )
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To: Joana Tides who wrote (1223)1/6/1999 1:05:00 PM
From: S. Samblis  Read Replies (3) of 2664
 
Ms. Tides, Thank you for your post. I have re-posted your question with my answer.

Q: When/if does MLRE actually plan to apply for (or anticipate being a)listing on Nasdaq? Does the Company meet the requirements for listing, as is? If not, details and expectations would be appreciated, if available.
A: The company wishes to become Nasdaq listed. It is working on Audits and other items needed to apply. I believe the asset requirement is $4,000,000.00. It would appear to me that the money they have raised gets them tto that level, but I still think we need the auditors to confirm this. Now remember that even when MLRE has all of the requirements to be listed, it is in Nasdaq's hands as to when it will happen.

Steven Samblis

P.S. I wish to reaffirm that our firm has been paid 50,000 shares of restricted stock in return for our services. This is restricted and we can not sell the stock until Dec. 1999. We have received no other form of compensation from them.
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