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To: Double Dipper who wrote (2368)	1/31/1998 3:32:00 PM
From: Jonathan Lebed	Read Replies (1) \| Respond to of 27968

I beleive the small-cap index will have a limit of 3 and the regular NMS will have a limit of 5 starting in a couple of weeks. JLebed

To: Double Dipper who wrote (2368)	1/31/1998 3:42:00 PM
From: howard a steady	Respond to of 27968

Kevin, Try: beta.nasdaq.com/about/scm.stm h

To: Double Dipper who wrote (2368)	2/1/1998 11:19:00 AM
From: Anthony Marks	Read Replies (2) \| Respond to of 27968

Here are the requirements for listing on NASDAQ small cap. Notice the $1.00 min bid price. The chart at the bottom of the link lists $4.00 as minimum???? Unclear as to the meaning, maybe $1.00 is the amendment and $4.00 is the original? No duration is listed. The chart (see link) lists the $1.00 price as the minimum continued requirement. If $1.00 is the price required, listing on NASDAQ may not be so unattainable. Of course the financials will have to make sense. Forgive me if this has been covered, I may have missed it in the mountain of posts. AWM PS. AMEX list their requirement price as $3.00 ______________________________________________________________________ The Nasdaq SmallCap Listing Requirements nasdaq.com The current amendments to The Nasdaq Stock Market listing requirements, which were approved by The U.S. Securities and Exchange Commission on August 22nd, further strengthen both the quantitative and qualitative requirements for issuers listing on Nasdaqr. For the first time, corporate governance requirements applicable to the Nasdaq National Market will extend to The Nasdaq SmallCap Market. These changes materially enhance the threshold criteria necessary to qualify for listing on The Nasdaq SmallCap Market. Significant changes are highlighted below: >$1 Minimum Bid Price Required for Common and Preferred Stock Common and preferred stock must have a minimum bid price of $1. The $1 bid price requirement provides a safeguard against certain market activity associated with low-priced securities, and also enhances the credibility of the market. Nasdaq is the only market that has a stated minimum bid price requirement. >Increase in the Quantitative Requirements Increases to the quantitative requirements are detailed in the attached table. These increases will strengthen the financial criteria in a manner consistent with the goal of increasing the quality and stability of Nasdaq companies, while preserving the ability of qualified companies to raise capital. >Adoption of Peer Review Requirement All independent auditors for Nasdaq-listed companies must be subject to practice monitoring under a program such as the AICPA SEC Practice Section peer review program. Such a program must provide that an accounting firm's quality control system be peer reviewed every three years. >Adoption of Corporate Governance Requirements A summary of the corporate governance requirements for companies listed on The Nasdaq SmallCap Market are presented below. Details regarding these requirements will be forth coming. -Distribution of annual and interim reports -A minimum of two independent directors -An audit committee, a majority of which are independent directors -An annual shareholder meeting -Quorum requirement -Solicitation of proxies. -Review of conflicts of interest -Shareholder approval for certain corporate actions -Voting Rights Nasdaq believes that the new requirements will further the protection of investors while enhancing the quality of The Nasdaq Stock Market. Companies failing to satisfy the new continued listing requirements will be allowed until February 23, 1998 to meet the new requirements. Companies should initiate appropriate corporate action necessary to achieve full compliance by February 23, 1998.be allowed until February 23, 1998 to meet the new requirements.