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Microcap & Penny Stocks : AWLT wines and gourmet food - Italy Direct -- Ignore unavailable to you. Want to Upgrade?

To: Matthew J. Landi who wrote (433)	2/1/1998 2:41:00 PM
From: Robert Calusdian	Respond to of 2595

Matthew, Thanks for the reply. I was merely joking about the "badgering the company" thing. I will not do that, nor do I recommend anyone else do it. I think AWLT management has enough business to do and do not need the hassle. I do hope, however, AWLT announces some form of plan if they are serious about a NASDAQ/smallcap listing. I must however, point out the following from the financialweb page we have been discussing... To be eligible for initial NASDAQ/smallcap listing... "FORMER minimal financial requirements for INITIAL listing: A $3 minimum bid price" ...among other things. "NEW minimal financial requirements for INITIAL listing: A bid price of $4.00." ... among other things. Once initial listing is established, certain minimum things must be maintained, such as... "CURRENT minimum maintenance requirements: A $1 minimum bid price " ... the note for this is where you quoted from." I am concerned about "NEW minimum maintenance requirements: A bid price of $1.00 " the notes is: *"A company is not in compliance with this requirement when its stock drops below $1.00 for 30 days. The company will be notified of delisting proceedings unless the stock closes at $1.00 or more for ten consecutive days, within 90 days of falling out of compliance" I am not trying to beat this issue to death. I personally AM a shareholder, and do not care to see AWLT rush into a smallcap listing. If the fundamentals are there it will happen. Rob