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Biotech / Medical : PLSIA (Premier Laser Systems) -- Ignore unavailable to you. Want to Upgrade?

To: John S. Baker who wrote (1627)	7/25/1998 1:16:00 PM
From: Pluvia	Read Replies (2) \| Respond to of 1773

<<<If I interpret your posting correctly, then PLSIA (like many others) was NASDAQ listed before the listing criteria changed and was grandfathered despite not meeting the changed criteria? >>> No, that is not my opinion for their de-listing. IMO they were delisted due to a clause that reads something like - it would be in shareholders best interests. IMO, In other words because the company had done things that looked like they were trying to manipulate the stock. (remember the HYPE announcements?). That combined with the accounting problems would IMO be the reason for delisting. I stand corrected on the independent board issue - it appears PLSIA does have an independent board, but other problems with the ability to issue voting stock to maintain control are a big problem.