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Nasdaq Bargain Basement Sale?

Traders Magazine, December 2002

Gregory Bresiger

Nasdaq isn't about to waive its $1 minimum price for listing, Nasdaq officials insist. That's despite comments by lameduck Nasdaq chief executive Hardwick Simmons. He said that the minimum rule might be dropped to help good companies going through through some bad times. "We have no immediate plans to take action on the minimums. And beside a lot of those Nasdaq stocks have been rising above a dollar recently," a Nasdaq spokesman said. No rule changes are immediately pending on the minimum trading requirement.

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