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Microcap & Penny Stocks : TASA. Can someone with KNOWLEDGE help!!!! -- Ignore unavailable to you. Want to Upgrade?

To: Bob Davis who wrote (130)	1/23/1998 12:42:00 PM
From: Early Out	Read Replies (1) \| Respond to of 601

As usual Bob, great work. I think TASA could use you as an Investor Relations Consultant. :-) I read the rules a bit different from you, but in any case I am less inclined to believe it will be delisted. I was also interested to learn that delisting is no simple process! I'm going to wait until TASA files but assuming no surprises there I will probably jump back in. As you can probably tell, I've been a bit skittish in this market. -jsc

To: Bob Davis who wrote (130)	1/26/1998 10:27:00 AM
From: BOJO	Read Replies (1) \| Respond to of 601

Bob, The new initiative being announced by the White House right this minute on after school education programs should be a "positive" for TASA's new "BookMatch" reading program. Hopefully potential investors will pick up on this......and hopefully TASA PR will use this opportunity for some stepped-up publicity. Bob

To: Bob Davis who wrote (130)	1/26/1998 9:16:00 PM
From: csm	Read Replies (1) \| Respond to of 601

Bob, Thanks for the info on the listing requirements. I came up with almost the same dates but for different reasons. The way I see it, TASA's bid (I'm actually going by the low for the day) moved above $1 on Dec 3 and stayed there until Dec 19, thus meeting the 10 day requirement. Adding 30 business days brings us to Feb 4. Although the bid did move above $1 after Dec 19, it didn't stay there for 10 days, which seems to be necessary for "compliance". The way I read it now, the bid for TASA has to exceed $1 for 10 business days preceding and including Feb 4, i.e. from Jan 22 on, which it isn't. So TASA should be informed shortly after Feb 4 that it has 90 calendar days within which the bid must exceed $1 for 10 consecutive days. Right? Each time the bid drops below $1, the 30 day grace period (actually 20 days the way I read it) kicks in, followed by the 90 day compliance period. So, as I said, this brings me to about the same conclusion. TASA has to get the bid above $1 for 10 consecutive days ending before May 5, or so, to hold its NASDAQ listing. Stuart.