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Assets requirements

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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.
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.
 
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