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Technology Stocks : Microprose, MPRS -- Ignore unavailable to you. Want to Upgrade?

To: Sleeperz who wrote (88)	1/25/1998 12:12:00 AM
From: Bret P	Respond to of 633

I believe even after 30 days of sub $1 bid, NASD has to notify of noncompliance (which may not be done automatically), after which notification the 90 day grace period begins. Then a lengthy delisting process begins. A Co. may achieve compliance any time during this by exceeding the $1 closing bid for 10 consecutive days. I guess a stock hovering right around the dollar mark could be notified, come back into compliance, and back and forth a number of times. I think this is "fairly accurate", but the point is delisting should'nt be a "surprise news flash" spawning panic. Also MPRS has twice the market cap required for compliance anyway. Gonna hold on to mine, $2 is cheap for MPRS. Best regards, Bret P NASDAQ site has the details nasdaq.com