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To: Sean W. Smith who wrote (14)	2/24/1998 2:50:00 PM
From: Michael Quarne	Read Replies (1) \| Respond to of 85

Nice Scan Ray, I have one more concern with this problem though. One of my holdings did a reverse spilt 4-1 and is now up over $. I doubt that it will recover but will continue to go lower. I've thought about this and can't seem to come up with something that will help ID this potential losing situation. Arctic Mike

To: Sean W. Smith who wrote (14)	2/24/1998 3:14:00 PM
From: Galirayo	Read Replies (1) \| Respond to of 85

[ Naz1 Scan ] Thanks, Sean. I made a correction on it. The And Statement after the Dividend statement needed changed to OR So, here is the Scan again. I got a lot of Hits so I'll eyeball them to see if that'll do it. And I really Appreciate your help. Ray ************** // Find Stocks that May Be DE-LISTED // or Reverse Split Output="Naz1.lst"; Exchange Nasdaq; IssueType Common, Preferred; DaystoLoad=500; If ((Bookvalue * Sharesout < 2 and // Net Assets < 2 Mil MarketCap < 35 and MarketCap > 0 and // less than 35 mil Market Cap & > 0 EPS * Sharesout < .5 and // Net Earnings last 12 mo less than 500k //Revspershare > 0 and // eliminates some New & Foriegn Issues Dividend = 0) or (Max(0,-30,Lo) < 1.00 or // Low not above $1.00 last 30 Days // Nasdaq sends Warning Letter 90 days left for compliance Sharesfloat < .5 or // less than 500K shares trading Sharesfloat*Close(0)< 1)) then //Market Value of Float < 1 Mil Println Symbol,"",",", PE:5:0, " ,", date(0):12; endif;