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Gold/Mining/Energy : GTR GROUP INC. (formerly Games Trader) TSE:GTR, AMEX:GIG -- Ignore unavailable to you. Want to Upgrade?


To: patt who wrote (45)8/16/1999 6:09:00 PM
From: Mr. Forthright  Read Replies (1) | Respond to of 290
 
<<They say they are seeking a listing on Nasdaq,do they not have to reach the equiv.of $U.S.3.00 before this can be done and do you have any idea how long it would take to list.>>

I have never heard them or any of the brokers close to them say they are seeking a NASDAQ listing. NASDAQ requires either a $4.00US bid price for the small-cap board or $5.00US bid price for the national market.

It would appear to me that the only two alternatives left at this time would be OTC:BB or AMEX which has a $3.00US bid price requirement, and as you noted, they reached that point today. Hopefully they will avoid OTC:BB.