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Technology Stocks : METROMEDIA FIBER NETWORK (MFNX) -- Ignore unavailable to you. Want to Upgrade?

To: CYBERKEN who wrote (1848)	12/29/2001 8:36:23 AM
From: Curtis E. Bemis	Respond to of 1983

NAZ options for MFNX-- I read an article this morning that explains what happens, starting Wednesday, Jan. 2, 2002, for those companies with issues that trade below $1. gopbi.com snip Starting Wednesday, those companies will have 30 consecutive trading days to bring the stock back up to $1 before receiving a deficiency letter. They will have another 90 trading days after that to come into compliance. Nasdaq is also offering another option. After the 90-day period and an appeal, if the company still cannot reach the $1 minimum, it will be offered the opportunity to switch over to the Nasdaq SmallCap Market. On that market, the company will have another six months to bring the stock price up. The intent is to give companies another option instead of being delisted or being forced to trade on the loosely regulated Over-the-Counter Bulletin Board or Pink Sheets markets, DeMeo said. end snip