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Biotech / Medical : ACMI - Accumed Inc. -- Ignore unavailable to you. Want to Upgrade?


To: Cisco who wrote (685)12/16/1997 9:30:00 AM
From: Frank Buck  Read Replies (1) | Respond to of 1894
 
Cisco,

All the more reason for NPTH to go up "should" they receive approval. This is their second attempt at obtaining FDA approval. I am really going to stick my neck out on the block here but my gut feel is that with the newest round of info on the CYTC ThinPrep System (which NPTH's system is allegedly not supposed to be able to read, I think the FDA will send NPTH back to the drawing board. It would take almost 15 days for the shorts to cover their position on NPTH (assuming normal average volumes). January is gonna be real interesting.

NSIX is really looking like the shake-out victim of this sector. That outstanding short volume is a pretty decent percentage of their outstanding float isn't it? NSIX better look at acquiring/merge with another near-player in the sector should NPTH receive approval. Perhaps one that has multiple product lines and is presently near a fifty-two week low. Do any companies like this come to mind?

ACMI can be recovered by short sellers in less than 2.5 hours.

The NASDAQ M/M site has been updated to include November. Refresh
your screen when you pull it up. Perhaps you saved it with the the old data defaulting onto the screen.

nasdaqtrader.com

Frank



To: Cisco who wrote (685)12/16/1997 10:06:00 AM
From: Frank Buck  Read Replies (1) | Respond to of 1894
 
Cisco,

Have you seen the newest listing maintenance
requirements for maintaining inclusion on the
NASDAQ National Market? ACMI will be in trouble
and head back down to the NASDAQ Small Caps unless
they maintain a per share price of $5 for the stock.


Listing requirements for the Nasdaq National Markets:
Summary of minimal financial requirements for initial listing:
Alternative 1 (former):
$4 Million in Net Tangible Assets* $400,000 in Net Income for the
latest fiscal year or two of the last three fiscal years $750,000 in
Pretax Income for the latest fiscal year or two of the last three fiscal
years A public float of 500,000 shares A $3 Million Market Value for
the public float A $5 minimum bid price Number of shareholders: 800
if between 0.5 and 1 million shares are publicly held 400 if more than
1 million shares are publicly held 400 if more than 0.5 million shares
are held and average daily volume is in excess of 2,000 shares At least
two Market Makers Registration under Section 12(g) of the Securities
Exchange Act of 1934 or equivalent
Alternative 1 (new):
$6,000,000 in net tangible assets* $1,000,000 in pretax income for two
of the last three fiscal years A public float of 1,100,000 shares An
$8,000,000 market value for the public float A $5 minimum bid price 
400 shareholders Three Market Makers Corporate Governance Standards
*Net tangible assets are total assets less total liabilities and
goodwill. Alternative 2 (former):
$12 Million in net tangible assets* A public float of 1,000,000 shares
An operating history of three years A $15 Million Market Value for the
public float A $3 minimum bid price 400 shareholders At least two
Market Makers Registration under Section 12(g) of the Securities
Exchange Act of 1934 or equivalent
* Net Tangible Assets are the Total Assets excluding Goodwill minus
Total Liabilities Alternative 2 (new):
$18,000,000 in net tangible assets* A public float of 1,100,000 shares
An operating history of two years An $18,000,000 market value for the
public float A $5 minimum bid price 400 shareholders Three Market
Makers Corporate Governance Standards
*Net tangible assets are total assets less total liabilities and
goodwill. Alternative 3 (new):
A market capitalization of $75 million or total assets and total
revenues of at least $75 million each. A public float of 1,100,000
shares A $20,000,000 market value for the public float A $5 minimum
bid price 400 shareholders Four Market Makers Corporate Governance
Standards