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Biotech / Medical : Matritech (NASDAQ - NMPS) -- Ignore unavailable to you. Want to Upgrade?

To: John McDonald who wrote (744)	9/11/1999 6:59:00 PM
From: D. Chapman	Read Replies (2) \| Respond to of 849

NMPS is at risk of being delisted. Their asset levels willd drop below the minimum requirement by the end of September. They conjured up this phony press release in order to satisfy the stock price requirement. Risk of Delisting from the Nasdaq National Market. The Company's Common Stock is currently listed on the Nasdaq National Market ("NNM"). For continued listing of the Company's Common Stock on the NNM, it must, among other things, maintain at least $4 million in net tangible assets and a minimum bid price of $1.00. The Company anticipates that at its current expense levels, its net tangible assets will fall below $4 million in the third quarter of 1999 if it is unable to obtain additional financing before then. In addition, the Company's common stock has traded below $1.00 for consecutive days in the third quarter of 1999. If the Company's Common Stock continues to trade under $1.00 for 30 consecutive days, the Company may be subject to delisting by Nasdaq.