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.

Technology Stocks : Vari-L (VARL) -- Ignore unavailable to you. Want to Upgrade?

To: Bosco who wrote (2645)	1/22/2001 10:42:58 AM
From: Bosco	Read Replies (1) \| Respond to of 2702

Hi all - an 8K filing biz.yahoo.com Unfortunately, specific to the relisting situation, unless Naz makes an exception, it will be for a while <sigh> NASDAQ LISTING. Regarding Nasdaq, based on some of the questions we have been hearing from shareholders, there seems to be some confusion regarding Vari-L's status with Nasdaq, and I'd like to clear that up once and for all. As most of you are aware, Nasdaq has specific listing criteria for public companies. One of their most strict criteria is the requirement that a company have at least two years of financial statements with unqualified audit opinions (three years for bigger companies). Let me repeat: TWO YEARS OF UNQUALIFIED AUDITED FINANCIAL STATEMENTS. As you know, Vari-L does NOT meet that requirement at this time. Those of you who followed Vari-L last year may remember that the trading halt and de- listing process was initiated in the first place for the very reason that Vari-L's prior outside auditor withdrew their audit opinions on Vari-L's historical financial statements. Therefore, whether we like it or not, Nasdaq's decision to de-list Vari-L was completely consistent with their listing requirements and the only way that Vari-L can be relisted is for the Company to eventually have at least two years of financial statements with unqualified audit opinions (or three years if the Company gets so large that it no longer qualifies as a Small Business filer). It is theoretically possible that Nasdaq or another exchange or quotation service could make an exception to its rules for Vari-L but it is wholly unrealistic for the Company to pursue that course prior to the resolution of the pending and threatened litigation, particularly the SEC investigation. best, Bosco