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Strategies & Market Trends : DAYTRADING Fundamentals -- Ignore unavailable to you. Want to Upgrade?

To: Eric P who wrote (13068)	5/24/2001 5:43:48 PM
From: Robert Cohen	Respond to of 18137

Eric, Market Factors Triggering Delisting Bid Price, Market Value of Public Float and Market Capitalization If a company trades for 30 consecutive business days below the minimum bid price or market value of public float requirements, Nasdaq (Listing Qualifications) will send a letter (deficiency notice) to the company, informing it that it has 90 calendar days to regain compliance with the applicable requirement. Market cap deficient issuers are notified of a deficiency after 10 business days of non-compliance and are afforded a 30 calendar day "grace" period. An automated computer system tracks each company's bid price and market value performance on a daily basis and notifies the designated Nasdaq analyst immediately upon non-compliance. In order to achieve compliance during the grace period, a company must demonstrate compliance with the applicable standard for a minimum of 10 consecutive business days. Most companies listed on Nasdaq are required to maintain a minimum bid price of $1 per share; however, certain National Market companies are required to maintain a $5 bid price; National Market companies unable to demonstrate compliance with the $4 million net tangible assets requirement may qualify for continued listing provided they maintain a $5 bid price, along with certain other criteria related to, for example, either market cap or total assets and total revenues, and market value of public float (see listing standards). nasdaqnews.com Robert