350 million for the financial year immediately preceding the date of the initial listing application will be an acceptable alternative to the positive net
assets requirement.
As most don't meet the minimum investable
assets requirement many advisors have, there is no first appointment.
However, the adverse impact of a sudden withdrawal is mitigated by the 70% liquid
assets requirement for Cypriot banks.
30, 1998, the company has fallen below the net tangible
assets requirement for continued listing of the company's securities on the Nasdaq Small Cap Market.
Add to that another 200,000 options worth $11.1875 which were awarded to chairman Philip Kives on December 15, which Kives has said he will exercise by December 31, and the company believes it can exceed Nasdaq's minimum net tangible
assets requirement - in spite of a $1m loss for the quarter.
Similarly, if the financial statements show that the lender does not meet the liquid
assets requirement, the lender must submit acceptable evidence certified by a CPA that demonstrates that the lender is currently maintaining the minimum required liquid assets.
Another example of applying the grouping of
assets requirement was given by the FASB.
This process creates leverage by having more employees involved in continuous improvement, all working toward the same target goal established by the return on
assets requirements.
Underlying causes include: heavy cash reserve and liquid
assets requirements; what was euphemistically called "mismatch of assets and liabilities"; and poor and/or questionable management practices.
