Assets Requirement

Assets Requirement

The minimum amount one must invest in order to participate in an activity. For example, a hedge fund may impose a minimum asset requirement of $1 million, meaning that one must place at least $1 million into the hedge fund in order to become an investor. Investment companies sometimes impose asset requirements in order to keep out small investors.
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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.
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.