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Microcap & Penny Stocks : FRANKLIN TELECOM (FTEL) -- Ignore unavailable to you. Want to Upgrade?

To: Paul Hofmann who wrote (27174)	2/5/1998 3:10:00 PM
From: lostmymoney	Read Replies (1) \| Respond to of 41046

listing requirements for the Nasdaq National Marketr: Summary of minimal financial requirements for initial listing: Alternative 1 (former): $4 Million in Net Tangible Assets* $400,000 in Net Income for the latest fiscal year or two of the last three fiscal years $750,000 in Pretax Income for the latest fiscal year or two of the last three fiscal years A public float of 500,000 shares A $3 Million Market Value for the public float A $5 minimum bid price Number of shareholders: 800 if between 0.5 and 1 million shares are publicly held 400 if more than 1 million shares are publicly held 400 if more than 0.5 million shares are held and average daily volume is in excess of 2,000 shares At least two Market Makers Registration under Section 12(g) of the Securities Exchange Act of 1934 or equivalent Alternative 1 (new): $6,000,000 in net tangible assets* $1,000,000 in pretax income for two of the last three fiscal years A public float of 1,100,000 shares An $8,000,000 market value for the public float A $5 minimum bid price 400 shareholders Three Market Makers Corporate Governance Standards Net tangible assets are total assets less total liabilities and goodwill. Alternative 2 (former): $12 Million in net tangible assets A public float of 1,000,000 shares An operating history of three years A $15 Million Market Value for the public float A $3 minimum bid price 400 shareholders At least two Market Makers Registration under Section 12(g) of the Securities Exchange Act of 1934 or equivalent * Net Tangible Assets are the Total Assets excluding Goodwill minus Total Liabilities Alternative 2 (new): $18,000,000 in net tangible assets* A public float of 1,100,000 shares An operating history of two years An $18,000,000 market value for the public float A $5 minimum bid price 400 shareholders Three Market Makers Corporate Governance Standards *Net tangible assets are total assets less total liabilities and goodwill. Alternative 3 (new): A market capitalization of $75 million or total assets and total revenues of at least $75 million each. A public float of 1,100,000 shares A $20,000,000 market value for the public float A $5 minimum bid price 400 shareholders Four Market Makers Corporate Governance Standards