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Technology Stocks : Visioneer (VSNR): Does anybody know what's going on? -- Ignore unavailable to you. Want to Upgrade?

To: jaall who wrote (1260)	2/26/1998 12:41:00 AM
From: Chi Ligh	Respond to of 1763

If VSNR goes below $1 for a certain period, it will get delisted. But I don't see it happen if they remain profitable.

To: jaall who wrote (1260)	2/26/1998 1:34:00 PM
From: Paul Allsing	Read Replies (1) \| Respond to of 1763

That is an excellent question, considering the "penny stock" comments. But please remember that the Motley Fools are calling it a penny stock not NASD. As for the facts of the matter: For continued inclusion in NASDAQ, the issue must have/maintain: ú A minimum bid price per share of $1. ú Net tangible assets of $2 million. ú Market capitalization of $35 million; OR net income of $500,000 in the most recently completed fiscal year or in two of the last three most recently completed fiscal years. ú At least 300 round lot holders of the security. ú 500,000 publicly held shares having a market value of at least $1 million. ú Two registered and active market makers, one of which may be a market maker entering a stabilizing bid. NASD considers the issue to be subject to delisting if it fails to comply with the above for a period of 30 consecutive business days. However, the issuer then has 90 days to achieve compliance. NASD may also suspend or terminate the inclusion of a security if an issuer files for protection under any provision of the federal bankruptcy laws. I would say that the chances of Visioneer being delisted from NASDAQ are pretty darn slim from my point of view. But then you already know how (long-term) rosy my point of view is. You'll need to make up your own mind John - but I wouldn't let the "penny stock" comment by the Fools throw you. Good luck. Paul