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Non-Tech : LL Knickerbocker(KNIC)/Pure Energy Corp -- Ignore unavailable to you. Want to Upgrade?

To: Dale Geffrey who wrote (1019)	8/13/1999 9:58:00 AM
From: trendy	Read Replies (1) \| Respond to of 1028

Hi Dale : No, it does boggle the mind, when you figure that they have a Nasdaq National listing, and have been in violation of the share price requirement for a very long time. I understood that KNIC met with Nasdaq to appeal delisting back about May 99 or so, and nobody ever discussed the results of that meeting; I can only assume that KNIC has somehow made a deal with Nasdaq and is trying to clean up it's act. I would think that Nasdaq would have at least required a reverse split, but possibly because of all the other circumstances, KNIC convinced them that a RS would be another nail in the coffin. The fact that it appears that they "should" be delisted doesn't do much for the share price, IMO, but I think that given the span of time that has passed, they've obviously got friends in high places. As long as they can continue to make forward progress, they may escape delisting and eventually regain investor confidence. Good luck on your holdings! T