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Microcap & Penny Stocks : Tokyo Joe's Cafe / Societe Anonyme/No Pennies -- Ignore unavailable to you. Want to Upgrade?

To: Jack of All Trades who wrote (1535)	8/6/1998 6:32:00 PM
From: Michael Bendner	Respond to of 119973

Is there danger of delisting? Not totally up to date on the NASDAQ rules, but I believe the deal is that the bid must remain above $1. If it drops below $1, it has a certain amount of time to get back above $1 and stay there for at least 10 days. Not sure what that certain amount of time was, but isn't it something like 3-4 months? INTD first dropped below the $1 level less than two weeks ago, so I don't think delisting is a concern at this point, especially if I'm right and the price continues rising as a result of recent developments. This is all off the top of my head, so if anyone can be more precise... Thanks! Michael Bendner