Assets requirements

Assets requirements

A common element of a financial plan that describes projected capital spending and the proposed uses of net working capital.
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Under the proposed regulation, return on a class of investment that is available only to persons who have the ability to refer business to the corporation would meet the requirements for the safe harbor as long as the corporation meets the 500-person, $5 million total assets requirements and the investment is obtained for fair market value.
Nasdaq:THTH), received a Nasdaq Staff Determination letter indicating that it was not in compliance with the minimum bid price or net tangible assets requirements for continued listing, as set forth in Nasdaq's Marketplace Rule 4310(c)(4).
Based on our current financial status, we received notice from Nasdaq that we are not meeting the minimum $5,000,000 market value of publicly held shares and the $4,000,000 net tangible assets requirements for Nasdaq National Market listing.
The reason for the delisting was the Company's failure to meet the minimum bid price and net tangible assets requirements of the Nasdaq Marketplace Rules.
At a hearing before a Nasdaq Listing Qualifications Panel held on May 17, 2001, the Company acknowledged the issue with the net tangible assets requirement, and presented its plans to return to compliance with both the minimum bid price and the net tangible assets requirements for continued listing on the Nasdaq National Market.
PowerCerv Corporation (Nasdaq:PCRV) announced today that on May 16, 2001, a Nasdaq Listing Qualifications Panel issued its decision with regard to PowerCerv's request for continued inclusion on The Nasdaq National Market pursuant to an exception from Nasdaq's minimum bid price, market value of public float and net tangible assets requirements.
00 for 30 consecutive trading days, as well as not meeting Nasdaq's net tangible assets requirements.
NASDAQ: CBEV) announced today that it has appealed a NASDAQ Staff determination dated April 3, 2001 which indicated that the Company failed to comply with the net tangible assets requirements for continued listing set forth in Marketplace Rule 4310(c)(2)(B), and that its securities are, therefore, subject to delisting from the NASDAQ Small Cap Market.
The Nasdaq Listing Qualifications Panel (the "Panel"), by its decision dated July 7, 2000, granted the company until July 17, 2000 to satisfy Nasdaq's net tangible assets requirements by achieving a minimum of $2.
While Smith-Midland Corporation failed to meet Nasdaq's minimum bid price and net tangible assets requirements as of March 31, 1999, the Company was granted a temporary exception from these standards subject to Smith-Midland meeting certain conditions on or before each of August 16th, August 20th, September 30th and October 15th, 1999.
The cited cause for the delisting was the opinion of The Nasdaq Listing Qualification Panel that the Company is currently out of compliance with the minimum net tangible assets requirements of Nasdaq.
The Company has also notified NASDAQ that it cannot meet the NASDAQ National Market System's $4 million net tangible assets requirements.