which was convened due to the Company's failure to maintain net tangible assets
of at least $2,000,000 (as of the dates covered by its most recent Form 10-K and Form 10-Q filings) and its need to demonstrate an ability to meet this requirement in the future.
in Chatsworth will continue to list on the Nasdaq SmallCap Market because the company has met requirements for net tangible assets
, market capitalization and net income.
Nasdaq told K-Tel it had to have and demonstrate the ability to maintain net tangible assets
of at least $4m.
the "NYSE Arca") that it was no longer in compliance with the minimum total net tangible assets
and net worth amounts required for continued listing on the NYSE Arca under NYSE Arca Equities Rule 5.
Further, the Company was notified by letter dated July 3, 2001 by the Hearings Department that the net tangible assets
deficiency would be considered as a basis for delisting at the Company's hearing before the Nasdaq Listing Qualifications Panel (the "Panel") which is now scheduled for August 16, 2001.
In April, exchange officials notified Incomnet that it was not in compliance with listing requirements because its stock had traded below $1 for 30 consecutive trading days and that its net tangible assets
were below the minimum requirements.
Under ArvinMeritor's unsecured indentures, the company has a limitation on liens of up to 15% of the value of consolidated net tangible assets
, which is defined to exclude certain 'principal property' assets.
In accordance with that decision, on or before August 11, 2000, the Company was required to make a public filing with the SEC and Nasdaq evidencing a minimum of $4 million in net tangible assets
Nasdaq in April notified the company that it faced delisting because its stock and net tangible assets
had fallen below the minimums.
NEW YORK -- UBS announced today that it will acquire the global futures and options business of ABN AMRO for a cash consideration of 386 million (USD) plus net tangible assets
Nasdaq: PPRTC) today announced that PharmaPrint's common stock will be listed on The Nasdaq SmallCap Market via an exception from the net tangible assets
On or before November 15, 1999, the Company was obligated to file a Form 10-Q for the quarter ended September 30, 1999, demonstrating net tangible assets