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To: John Oberwortmann who wrote (29210)	7/25/1998 2:23:00 AM
From: Niels Larsen	Respond to of 33268

Maybe they are "confident" that it wont go under 1 the next 3 days and/or they think they have something real to say early next week.

To: John Oberwortmann who wrote (29210)	7/25/1998 2:27:00 AM
From: Marshall	Respond to of 33268

Now that's the best question I've heard yet. According to the rules if they violated the "30 days below $1 close" requirement (which is apparently based on days, not trading days) they have a 90 day grace period in which they must close at $1 or better. It's on the NASDAQ website. They could have waited until the 15th to file but they filed anyway. Wasn't as bad as I was expecting either.