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Technology Stocks : CAWS - Wireless Cable (New and Improved) -- Ignore unavailable to you. Want to Upgrade?

To: helkel who wrote (4377)	1/7/1998 8:21:00 PM
From: mike mccann	Respond to of 5812

The wording in the latest press release says: <.. CAI would be required to maintain compliance with the $1.00 per share bid price maintenance requirement for the period from January 8 through January 20, 1998. Failure to maintain such bid price would result in immediate delisting from the Nasdaq SmallCap Market(SM)..> Does that really mean if bid touches 31/32 just once during that period, trading would be halted immediately, and CAWS would be delisted and have to find a new home in the Pink Sheets? Wow! That sounds kind of tough. Mike

To: helkel who wrote (4377)	1/7/1998 9:10:00 PM
From: Gary Youree	Read Replies (1) \| Respond to of 5812

From press : The Common Stock of CAI is currently listed on the Nasdaq National Market(R) ("NNM"). As previously reported by CAI, its listing on the NNM had been under review by Nasdaq as a result of CAI's being out of compliance with the net tangible asset listing requirement>>> ** On August 22, 1997 the Commission approved revisions to the listing requirements for the NASDAQ SmallCap Market. Among the changes approved are continuing listing standards that require that (i) listed companies have either net tangible assets of $2 million, a market capitalization of $35 million, or have reported $500,000 of net income in two of the last three years, and that (ii) listed common stocks maintain a minimum bid price of $1.00. The existing NASDAQ requirements for stockholders' equity of $1 million, and the alternative of stockholders' equity of $2 million in lieu of a $1.00 bid price, were eliminated. The revised continuing listing requirements are effective February 22, 1998. * And those are the rules of the Small Nasdaq. Notice (i) are 'or's" and (II) is 'and's". I dont know what the requirements are (were) for Full Nasdaq. What ever they were (tangable assests) Cai didnt have them. Bet the volume is up tomorrow.