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

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To: Anaxagoras who wrote (486)4/25/1999 11:10:00 AM
From: Anaxagoras  Read Replies (1) of 1150
 
(8) This company explicitly mentions the fact that they were in danger of being delisted from the NMS tier of Nasdaq due in part to a miss of the net tangible assets criterion.

Dang, how could I almost have forgotten that? Remember, it's not the point that this in fact may happen (honestly, I don't think it will in the near future unless something dramatic happens, but it is a risk if the Apollo financing were ever to collapse- don't know if that's even realistic until we see the filing). BUT, it is a further sign that this company was in a poor negotiating position when Apollo was around.

Anaxagoras
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