Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Microforum (MCF:TSE) -- Ignore unavailable to you. Want to Upgrade?

To: zakaran who wrote (3312)	11/8/1999 9:45:00 AM
From: kidl	Read Replies (1) \| Respond to of 3896

Microforum Form 40-F declared effective Microforum Inc MCF Shares issued 30,385,737 Nov 5 close $5.60 Mon 8 Nov 99 News Release Mr. Howard Pearl reports Microforum's Form 40-F registration statement has been declared effective by the United States Securities and Exchange Commission (SEC). In connection with responding to comments raised by the SEC, Microforum elected to convert its initial Form 20-F filing to a Form 40-F filing, which provides for a more streamlined clearing process. Microforum's registration of its stock will allow its shares to be solicited and traded by licensed broker-dealers in the United States in compliance with securities and exchange commission regulations. Certain Microforum securities were already exempt in some states under the Standard & Poor's manual exemption for secondary trading. The Form 40-F registration gives Microforum greater flexibility to pursue financing alternatives and facilitate investor relation's activities in the United States, in compliance with applicable state laws. "The Form 40-F is a significant step in terms of positioning ourselves for a Nasdaq listing and is in keeping with our continued efforts to enhance shareholder value," said Howard Pearl, president and chief executive officer of Microforum. "Nasdaq companies represent some of the most dynamic and fastest growing companies in the world today and we expect our eventual listing will help increase visibility within the U.S. investment community and in the liquidity of our stock." (c) Copyright 1999 Canjex Publishing Ltd. canada-stockwatch.com