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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.
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.
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.
 
 
 
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