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Microcap & Penny Stocks : FAMH - FIRAMADA Staffing Services -- Ignore unavailable to you. Want to Upgrade?


To: JIN CHUN who wrote (6533)3/15/1998 11:51:00 PM
From: JIN CHUN  Respond to of 27968
 
A slight correction:
Straight from the site:http://www.nasdaq.com/reference/linkref.htm
Requirements for continued listing:
Net tangible assets: $2MM or
Market Capitalization: $35MM or
Net Income (in latest fiscal year or 2 of last 3 fiscal years:
$500k.
Public float: 500,000 shares.
Market value of public float: $1MM
Minimum bid price: $1
Market Makers: 2
Shareholders: 300
These are for the small cap, the national market's requirements for continued listing is similar.
Guess what? Aside from the bid price, which noone obviously knows
FAMH MEETS ALL OF THE REQUIREMENTS, AND SOON CORPORATE GOVERNANCE
AS WELL!!!!


Sorry LE, this is from the NASD, not your interpretation or spin.
In order for you to have gotten the rule information, you MUST have gone over this table. So why did you leave out this info? (rhetorical ?)

Jin. Research is your weapon.



To: JIN CHUN who wrote (6533)3/16/1998
From: Little Engine  Read Replies (1) | Respond to of 27968
 
Jin, I "put up" in Post #6350... it clearly states that if the merger of a Nasdaq stock with a non-Nasdaq stock changes the company substantially, then the newly formed company must apply for inclusion on its own merits.

I don't doubt that FAMH can qualify for listing using this method. I doubt that is will be easy, however.

I am only pointing out that their application will take a long time. It took APTX about five months from merger announcement to listing, as well as a 500-page SEC filing, to use one example.

An FAMH listing is not going to happen in two weeks. If you would like to wager, Jin, I'll be glad to. You can have two weeks. I'll take two months.

Closer man wins.