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Technology Stocks : ARC (ALRC)-A revamped and transformed web-centric IT company -- Ignore unavailable to you. Want to Upgrade?

To: FrozenZ who wrote (23)	6/10/2000 2:17:00 AM
From: TheLineMan	Read Replies (1) \| Respond to of 87

Hope this helps National nasdaq.com Small Cap nasdaq.com Complicated ain't it. But it looks like ARC's only problem is that its share price stay above a $1 (and its bank keeps the faith). If the worst comes to the worst you'll probably see a reverse split. That's my guess anyway. I took a look briefly at the company, the mystery to me is how that massive overdraft appeared a year ago. I don't see any losses big enough for that to have happened so rapidilly so I'm guessing they purchased someone. I haven't looked at the SEC docs yet, so I could be way off base. Even with the overdraft they do seem to be less leveraged than most of the industry. I'll look into it over the weekend if the Euro 2000 soccer chamionship allows.

To: FrozenZ who wrote (23)	6/10/2000 8:19:00 AM
From: Tom Hua	Read Replies (1) \| Respond to of 87

FrozenZ, I've looked into that issue before I bought in, and also discussed with the CEO and CFO. The only listing requirement that theoretically may be of concern is the $1 stock price. But it's really not a problem. In practice Nasdaq does not delist a stock only on the breach of the $1 level alone (there're many sub $1 Nasdaq stocks), they look at other 5 listing requirements which ALRC do meet. In addition, the $1 floor is being protected by many means. The company vows to protect it by buying shares. Last month, when ALRC briefly touched $1, the company stepped in to buy back 80,000 shares, and company management bought 95,000 shares. I personally know a couple of investors who are ready to throw in another $200,000 to protect the stock price. I think Larry Kane, the 10% shareholder, will also step up to the plate. So, I do not think delisting is an issue. Regards, Tom