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Microcap & Penny Stocks : THE NEW ISSM!!!! -- Ignore unavailable to you. Want to Upgrade?

To: David Sirk who wrote (391)	2/3/1999 10:54:00 PM
From: Brander	Read Replies (1) \| Respond to of 915

ISSM is on ongoing company. They have been trading on the BB's for some time. For such an ongoing concern, they have to have an average stock price of $1/share over a certain period of time (I believe it is three months). You just took one requirement out of the many, which would not even apply to ISSM. It is actually quite difficult for a BB board to make the jump to Nasdaq. A majority of them say that is their goal, very few ever make it. And it certainly does not happen over night. This is creating false expectations, which will only cause more harm in the long run.

To: David Sirk who wrote (391)	2/3/1999 11:15:00 PM
From: Brander	Read Replies (1) \| Respond to of 915

Here are a couple of requirements that you left out: (3) For initial inclusion, the issuer shall have an operating history of at least one year or market capitalization of $50 million. (4) For initial inclusion, common or preferred stock shall have a minimum bid price of $4 per share. For continued inclusion, the minimum bid price per share shall be $1. These are not just snap shot, one day figures. Nasdaq must see that these minimal requirements are an established baseline, over time. In addition, they must be fully reporting to the SEC, which takes time. I have seen other BB companies attempt to jump to Nasdaq. It is very difficult and takes months (a very generous statement). Since they are using the ISSM "shell", Nasdaq and the SEC will not look at them as a "new" company.