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Biotech / Medical : NEXL -- Ignore unavailable to you. Want to Upgrade?

To: WWS who wrote (1398)	7/19/1998 11:28:00 AM
From: arnold silver	Read Replies (1) \| Respond to of 1704

Bill,It still looks good to me,How do you read this? Summary of minimum requirements for continued listing, effective February 23, 1998: Net tangible assets1 of $2 million, or market capitalization of $35 million, or $500,000 in net income for two of the last three years Public float of 500,000 shares2 $1 million market value for the public float 300 shareholders $1 minimum bid price3. Two market makers Corporate Governance Standards (see initial listing requirements) 1 Net tangible assets are total assets less total liabilities and goodwill. 2 The public float consists of shares that are not held directly or indirectly by any officer or director of the issuer and by any other person who is the beneficial owner of more than 10 percent of the total shares outstanding. 3 A company is not in compliance with this requirement when its stock drops below $1 for 30 trading days. The company will be notified of delisting proceedings unless the stock closes at $1 or more for 10 consecutive trading days, within 90 calendar days of falling out of compliance. Arnie