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Technology Stocks : CSGI ...READY FOR TAKE-OFF! -- Ignore unavailable to you. Want to Upgrade?


To: tech who wrote (2082)1/7/1998 3:38:00 PM
From: feltburner  Read Replies (1) | Respond to of 3391
 
Tech: Which requirements for listing were they able to meet only by doing the private placement? Since the deal was done after the SEC had approved the new Nasdaq Small Cap listing requirements, all the co. should have needed to qualify was $50mm mkt. cap and 1mm shs. public float. I still don't understand why they didn't file for National Market listing at the time since the bid price was above those requirements at that time. I don't believe this is a big deal, but I am curious if either you or Michael know the thinking behind applying for Small Cap instead.
-Felt Burner



To: tech who wrote (2082)1/7/1998 3:59:00 PM
From: Michael Block  Respond to of 3391
 
Dear Tech and Angel:

Tech's statement is correct. ConSyGen was unable to meet the requirements of NASDAQ last year. They waited until the completion of the most recent financing to apply for a listing on NASDAQ.

I think we have covered this topic completely.

Michael Block