Critical Path just one of many companies that could be delisted
The NASDAQ has told Critical Path it will be delisted because it doesn't meet the $1-bid price requirement. What the NASDAQ has to acknowledge is that it is a penny stock market after the bubble burst and, because investors deserve to be able to trade shares that the NASDAQ encouraged to come to market, the $1-bid price and the minimum capital requirements for many NASDAQ-listed companies need to be removed to sustain a market in these stocks.
Posted by Mitch Ratcliffe at December 30, 2002 12:51 PM | TrackBack