RRRR: Rare Medium Group (soon to be) formerly ICC Message Board

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Technology Stocks : RRRR: Rare Medium Group (soon to be) formerly ICC

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To: DanielleC who wrote (308)	4/23/1999 9:59:00 AM
From: Pluvia	Read Replies (4) of 1150

*RRRR NASDAQ Delisting* STRONG SELL/SHORTSELL Rec Buyer Beware Delisting has forced RRRR to take desperate financing - EXPECT MILLIONS OF SHARES TO HIT THE MARKET... From Arpil 13 1999 SEC Filing... edgar-online.com **************** Delisting of the Company's Common Stock From Trading on the Nasdaq National Market Would Reduce Marketability of Our Shares. Since our common stock was trading at or below the per share price required for continued listing on NASDAQ during recent months and the Company does not have net tangible assets of at least $4 million, we received notice from Nasdaq that we must take steps to come into compliance with the Nasdaq National Market listing standards or our common stock will be delisted from the Nasdaq National Market. A hearing with Nasdaq was held on February 4, 1999. We have proposed a plan to Nasdaq which we believe should enable us to remain listed on the Nasdaq National Market if accepted by Nasdaq. In the event we are unable to maintain our listing on the Nasdaq National Market, we currently meet the listing standards for, and would seek to apply for, listing on the Nasdaq SmallCap Market. There can be no assurance, however, that such an application would be approved. In the event we were unable to list the Company's common stock on the Nasdaq SmallCap Market or any other exchange at such time, there would be no established trading market for the Company's common stock except as may be established in the National Association of Securities Dealers Inc.'s OTC Bulletin Board Service or in the "pink sheets," which would have a material adverse effect on the liquidity and market price of the Company's common stock. ******************

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