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

To: BIGFRED who wrote (19062)	5/23/1998 9:47:00 PM
From: Kurt N	Read Replies (1) \| Respond to of 27968

Yes, the requirements for Nasdaq SmallCap and the upper-level Nasdaq National Market System (with more stringent requirements) should be there at that link. Any Nasdaq smallcap under a $1, faces the risk of being de-listed for not meeting the mininum $1 bid. My understanding is that the rule is still being phased in (to give time for shareholder approval to do a reverse-split, if required). After being under a $1 for 10 days, Nasdaq informs the company that they have 30 days to meet that requirement or be delisted. In event of delisting for that, the stock is eligible for immediate quotation on the OTC-BB. Companies that are in the above predicament and that is their only deficiency can do a reverse-split to be in compliance with the mininum $1 bid. Reverse-split is the kiss of death on the OTC-BB, but is just a flesh-wound if it is done to maintain Nasdaq listing. Kurt