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Technology Stocks : The Panda Project (PNDA) -- Ignore unavailable to you. Want to Upgrade?

To: drakes353 who wrote (742)	1/16/1998 2:26:00 AM
From: Q.	Read Replies (2) \| Respond to of 1521

Drakes, PNDA is easily within compliance of the newly relaxed listing requirements. As I understand the rules, as listed in the table in the nasdaq web page for which you provided a link, l they have to do is keep a $1 bid on the stock and $5 M value on the public part of the float to stay listed. The one place where the NASD may have applied more stringent rules, rather than more relaxed rules, is to the nasdaq small cap market. The national market stocks, like PNDA, now have it easier than before. Previously all national market stocks had to satisfy a net tangible asset requirement to stay listed, and that is no longer so.