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Microcap & Penny Stocks : TGL WHAAAAAAAT! Alerts, thoughts, discussion. -- Ignore unavailable to you. Want to Upgrade?

To: Jim Bishop who wrote (84168)	5/15/2001 11:29:39 AM
From: Jim Bishop	Respond to of 150070

BTSRC re the Naz clock, found this in 10K ...they have some time still. Secondly, it must meet the $1.00 minimum bid price standard for at least ten consecutive days starting no later than June 28, 2001. Thirdly, it must file a Form 10-Q by May 15, 2001 demonstrating at least $8.0 million of shareholder equity at March 31, 2001 (in lieu of meeting the $2.5 million net tangible asset test, which the Company does not currently meet). Finally, 4 <PAGE> 6 it must be in compliance with all other applicable listing standards by June 28, 2001. The Company believes that it will be able to meet these requirements and retain its listing on The Nasdaq SmallCap Market, but there is no assurance that it will do so. If it is delisted from The Nasdaq SmallCap Market, it is expected to be transferred to the OTC Bulletin Board market.