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Non-Tech : ADVV (Advantage Technologies) - formerly CSIN -- Ignore unavailable to you. Want to Upgrade?


To: Michael Graham who wrote (315)6/24/1999 9:36:00 PM
From: SgtPepper  Respond to of 483
 
NASDAQ is getting tough with enforcing the rules. A bad omen for many penny stock
investors. This story is particularly poignant because the shareholders and company officials felt they were a special case. NOT!

___
HENDERSON, Nev., Jun 24, 1999 (BUSINESS WIRE via COMTEX) --

Alta Gold Co. to Appeal

Alta Gold Co. Thursday announced that the Nasdaq Listing
Qualifications Panel has denied the company's request for an extension
of time to comply with Nasdaq's continued listing criteria, and
accordingly has delisted the company's securities from the Nasdaq
National Market as of the close of business Wednesday.

Robert N. Pratt, president and chief executive officer of Alta Gold,
stated: "We are extremely disappointed with Nasdaq. In spite of the
in-person appeal we made in Washington, D.C., on behalf of our
stockholders, and in spite of over 1,000 letters from our stockholders
requesting that Nasdaq not delist the company, it is very disturbing
that Nasdaq has chosen to ignore the interests of our stockholders.
We
intend to appeal this decision to the Nasdaq Listing and Hearing Review
Council."



To: Michael Graham who wrote (315)6/25/1999 1:11:00 AM
From: THOMAS GOODRICH  Read Replies (1) | Respond to of 483
 
Michael,

Thanks for the clarification. I'm not an investment professional or a Wall Street guru, so I am not honed up on exchange rules. As to your comment below, I highly doubt there is anything I could say that could/would lead investors into a false sense of security. They're doing a very good job of that on their own!<g>

>>I just want to make it clear that CSIN will not be immune from delisting for the reason you mentioned. Your statement could mislead investors into a false sense of security.<<

TG