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Microcap & Penny Stocks : Amazon Natural (AZNT) -- Ignore unavailable to you. Want to Upgrade?

To: bmart who wrote (275)	8/20/1998 10:44:00 AM
From: Hawkmoon	Read Replies (1) \| Respond to of 26163

so bmart, all that is required to apply for Nasdaq listing is a high stock price? Cool!! Ron

To: bmart who wrote (275)	9/20/1998 5:29:00 PM
From: zonkie	Read Replies (1) \| Respond to of 26163

What's your guess? Pink sheets or delisted? >>>>To: TopCat (274 ) From: bmart Thursday, Aug 20 1998 10:20AM ET Reply # of 6580 Mr. Cat, I believe that AZNT will not be a BB stock for too much longer. From what I've heard, most of the criteria and paperwork has been met and completed. The stock, once free of short interest, should be trading well over what is required to make the move. Good Day RB<<<<<

To: bmart who wrote (275)	9/23/1998 11:05:00 PM
From: Arcane Lore	Read Replies (2) \| Respond to of 26163

I believe that AZNT will not be a BB stock for too much longer. From what I've heard, most of the criteria and paperwork has been met and completed. The stock, once free of short interest, should be trading well over what is required to make the move. Deja vu?: AZNT's Quest to Join the NASDAQ Our story begins back on April 3, 1997 with this "all caps" statement: AMAZON NATURAL TREASURES, INC. (R) ALSO ANNOUNCED THAT IT WILL BE MAKING APPLICATION FOR LISTING ON THE NASDAQ SMALL CAP SYSTEM. #reply-5638668 ===== Seven months later on Nov. 11, the future tense changes to the present: AZNT also wishes to announce it is making application for a listing on the NASDAQ small cap market and should be a non-designated stock before the month's end. #reply-5590126 ===== My first thought on seeing the phrase "non-designated stock" was that AZNT was daring to top P.T.Barnum's phrase "This way to the great egress". Surely that couldn't be it. Since I had never heard the phrase before, I decided to search for it on AltaVista: altavista.digital.com As you can see, the search turns up only two web pages using the phrase "non-designated stocks". The first refers to a company that is using the phrase "Recognised Non-Designated Stock Exchanges". Clearly this usage isn't what we're looking for. The second takes us to an AZNT announcement on 12/2/97 very similar to the 11/11/97 one quoted above. Uh oh, maybe this really is AZNT's way of saying they expect to be designated as a non NASDAQ small cap stock by the end of Nov., 1997. Well, perhaps one of the other thread members can explain this phrase. For now, I'll be generous and assume it means they expected to be accepted into the NASDAQ small-cap market. On Dec. 2, 1997 a press release promises even more while extending the target date slightly: AZNT is making application to NASDAQ small cap and should be a non-designated stock before the month's end. ... AZNT anticipates being a full NASDAQ company before the end of 1998. #reply-5638745 ===== What are the requirements for small cap membership? The current requirements can be found at nasdaqnews.com. Notice that currently, among other things, a share price of at least $4 is required for entry though a stock only needs to maintain a price greater than $1 to stay on the list. Was the entry requirement of $4 in place during the Nov. - Dec., 1997 period? This is actually a fairly tricky point since the listing requirements were changed last year. However, it turns out that the new entry requirements were effective immediately (in fact, retroactively) after their approval in Aug., 1997, while the maintenance requirements were delayed until 1998. From an NASD release dated Oct., 1997: "The new entry requirements, which are effective immediately, apply retroactively to issuers that filed to list after March 3, 1997, when the rule proposal was filed with the SEC. The continued listing requirement takes effect February 23, 1998, six months after SEC approval." nasd.com According to #reply-5570777 , the high stock price for AZNT does not appear to have ever exceeded $4, although it did get to 3 3/8 at some point in Nov., 1997. Thus from NASDAQ's standpoint, AZNT's small cap application must have been fairly easy to evaluate. I guess I missed the press release saying AZNT was turned down. Or perhaps I'm wrong and the small cap application is still pending. But the really good news for AZNT shareholders is that according to the company's 12/2/97 press release, they'll be a full NASDAQ company sometime in the next three months or so.<g>