ICCSA Message Board - Msg: 7969642

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Strategies & Market Trends : ICCSA

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To: Roger A. Babb who wrote ()	2/22/1999 5:48:00 PM
From: RockyBalboa	Read Replies (1) of 361

Recent Filings: A PRE 14A proxy statement concerning: " 1. As required by the rules of The Nasdaq Stock Market, Inc., to approve the potential issuance of shares of the Company's Class A Common Stock, $.01 par value per share, representing 19.9% or more of the issued and outstanding shares in connection with the private placement of the Company's Series A Convertible Preferred Stock and the sale of 100,000 shares of Class A Common Stock to an individual investor." ... The issuance of the preferred security and/or the sale of 100k shares to an individual should avert offending the minimum NTA criterium and ensure continued nasdaq listing.

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