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To: Mr. Black who wrote (250)	12/12/1999 6:01:00 PM
From: RockyBalboa	Respond to of 385

Usually, startups which go to the nasdaq get fresh equity to meet total assets and Net Tangible Assets criteria. However, the nasdaq notes: "Adoption of Market Capitalization Alternative The adoption of a market capitalization test will help foster capital formation for Nasdaq National Market caliber companies that would otherwise not qualify due to accounting conventions associated with certain business combinations and specialized industries under the heading "Initial Listing 3." The attached table outlines the specific requirements. " Well: to meet the 75MM requirement, the price must be pumped to around $6. Market value of the public float must also exceed 20MM, which requires a price over $5 roughly - anyways the minimum bid for the NNM. and they have to estimate the number of shareholders to be over 400 (which can be accomplished more easily; for example by making many retail clients buying into the stock).